BlackRock Inc. boosted its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 35.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,157 shares of the company’s stock after buying an additional 10,275 shares during the period. BlackRock Inc.’s holdings in Thomson Reuters Corp were worth $1,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its position in Thomson Reuters Corp by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,682 shares of the company’s stock worth $401,000 after buying an additional 39 shares during the period. PNC Financial Services Group Inc. increased its position in Thomson Reuters Corp by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 13,711 shares of the company’s stock worth $554,000 after buying an additional 215 shares during the period. US Bancorp DE increased its position in Thomson Reuters Corp by 2.7% in the third quarter. US Bancorp DE now owns 10,089 shares of the company’s stock worth $418,000 after buying an additional 264 shares during the period. Checchi Capital Advisers LLC increased its position in Thomson Reuters Corp by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 8,994 shares of the company’s stock worth $364,000 after buying an additional 272 shares during the period. Finally, Wunderlich Capital Managemnt increased its position in Thomson Reuters Corp by 1.0% in the second quarter. Wunderlich Capital Managemnt now owns 33,591 shares of the company’s stock worth $1,358,000 after buying an additional 329 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

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

Thomson Reuters Corp (NYSE:TRI) traded up 0.22% during trading on Friday, hitting $45.08. The stock had a trading volume of 460,584 shares. The stock has a market cap of $33.12 billion, a price-to-earnings ratio of 26.67 and a beta of 0.83. The firm has a 50 day moving average of $44.12 and a 200-day moving average of $41.97. Thomson Reuters Corp has a 12 month low of $33.96 and a 12 month high of $45.68.

Thomson Reuters Corp (NYSE:TRI) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. Thomson Reuters Corp had a net margin of 11.25% and a return on equity of 13.16%. The firm earned $2.74 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was down .1% on a year-over-year basis. Equities analysts predict that Thomson Reuters Corp will post $2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Tuesday, November 15th. Thomson Reuters Corp’s dividend payout ratio is presently 80.95%.

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A number of research firms have weighed in on TRI. Zacks Investment Research upgraded Thomson Reuters Corp from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. TD Securities restated a “hold” rating and issued a $56.00 price target on shares of Thomson Reuters Corp in a research note on Thursday, November 3rd. J P Morgan Chase & Co restated a “neutral” rating on shares of Thomson Reuters Corp in a research note on Thursday, November 3rd. Scotiabank restated a “sector perform” rating and issued a $43.00 price target (up previously from $42.00) on shares of Thomson Reuters Corp in a research note on Thursday, November 3rd. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $56.00 price target on shares of Thomson Reuters Corp in a research note on Thursday, November 3rd. Thirteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Thomson Reuters Corp currently has a consensus rating of “Hold” and an average price target of $48.08.

About Thomson Reuters Corp

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