Jones Financial Companies Lllp reduced its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,505 shares of the business services provider’s stock after selling 196 shares during the period. Jones Financial Companies Lllp’s holdings in Thomson Reuters were worth $226,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Horan Capital Advisors LLC. bought a new position in shares of Thomson Reuters in the 1st quarter worth $38,000. Zions Bancorporation N.A. bought a new position in shares of Thomson Reuters in the 2nd quarter worth $52,000. Quadrant Capital Group LLC lifted its holdings in shares of Thomson Reuters by 481.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,924 shares of the business services provider’s stock worth $111,000 after purchasing an additional 1,593 shares in the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of Thomson Reuters in the 2nd quarter worth $167,000. Finally, NEXT Financial Group Inc bought a new position in shares of Thomson Reuters in the 2nd quarter worth $170,000. Institutional investors own 19.48% of the company’s stock.
A number of equities analysts recently issued reports on the company. Canaccord Genuity cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Credit Suisse Group upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $70.00 to $80.00 in a research note on Monday, July 29th. ValuEngine cut Thomson Reuters from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price objective on Thomson Reuters from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, National Bank Financial cut Thomson Reuters from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $68.32.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Thomson Reuters had a return on equity of 5.16% and a net margin of 69.36%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. As a group, equities research analysts expect that Thomson Reuters Corp will post 1.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, August 21st. Thomson Reuters’s payout ratio is 192.00%.
Thomson Reuters Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.
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