Callahan Advisors LLC maintained its stake in shares of Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) during the third quarter, Holdings Channel reports. The firm owned 36,030 shares of the company’s stock at the end of the third quarter. Callahan Advisors LLC’s holdings in Thomson Reuters Corp. were worth $1,491,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TRI. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Thomson Reuters Corp. by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the company’s stock worth $130,000 after buying an additional 1,819 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Thomson Reuters Corp. by 708.8% in the second quarter. BlackRock Advisors LLC now owns 3,389 shares of the company’s stock worth $137,000 after buying an additional 2,970 shares during the period. Creative Planning boosted its stake in shares of Thomson Reuters Corp. by 31.9% in the second quarter. Creative Planning now owns 4,490 shares of the company’s stock worth $181,000 after buying an additional 1,085 shares during the period. Daiwa SB Investments Ltd. bought a new stake in shares of Thomson Reuters Corp. during the second quarter worth approximately $182,000. Finally, Archford Capital Strategies LLC boosted its stake in shares of Thomson Reuters Corp. by 2,606.6% in the second quarter. Archford Capital Strategies LLC now owns 5,359 shares of the company’s stock worth $217,000 after buying an additional 5,161 shares during the period. 28.61% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Thomson Reuters Corp. (NYSE:TRI)

Thomson Reuters Corp. (NYSE:TRI) traded up 0.42% during mid-day trading on Tuesday, reaching $43.34. The company had a trading volume of 618,923 shares. Thomson Reuters Corp. has a one year low of $33.96 and a one year high of $43.68. The stock has a 50 day moving average price of $40.87 and a 200 day moving average price of $41.38. The company has a market capitalization of $31.84 billion, a P/E ratio of 25.64 and a beta of 0.82.

Thomson Reuters Corp. (NYSE:TRI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. Thomson Reuters Corp. had a return on equity of 13.16% and a net margin of 11.25%. The firm earned $2.74 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts expect that Thomson Reuters Corp. will post $2.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, November 15th. Thomson Reuters Corp.’s dividend payout ratio (DPR) is presently 80.95%.

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A number of equities research analysts recently commented on the company. Zacks Investment Research raised Thomson Reuters Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, October 6th. BMO Capital Markets reissued an “outperform” rating and issued a $60.00 target price (up from $57.50) on shares of Thomson Reuters Corp. in a research note on Monday, August 1st. CIBC reissued an “outperform” rating and issued a $45.00 target price (up from $44.00) on shares of Thomson Reuters Corp. in a research note on Thursday, November 3rd. TD Securities reissued a “hold” rating and issued a $56.00 target price on shares of Thomson Reuters Corp. in a research note on Thursday, November 3rd. Finally, Scotiabank reissued a “sector perform” rating and issued a $43.00 target price (up from $42.00) on shares of Thomson Reuters Corp. in a research note on Thursday, November 3rd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Thomson Reuters Corp. presently has an average rating of “Hold” and a consensus price target of $47.50.

Thomson Reuters Corp. Company Profile

5 Day Chart for NYSE:TRI

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