Candriam Luxembourg S.C.A. Buys 167,714 Shares of Thomson Reuters Corp (TRI)
Candriam Luxembourg S.C.A. increased its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 379.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 211,870 shares of the business services provider’s stock after acquiring an additional 167,714 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Thomson Reuters Corp were worth $9,699,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter worth $106,000. ETF Managers Group LLC acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter worth $127,000. Omnia Family Wealth LLC grew its holdings in shares of Thomson Reuters Corp by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after acquiring an additional 10 shares during the last quarter. Beach Investment Management LLC. acquired a new stake in shares of Thomson Reuters Corp in the second quarter worth $203,000. Finally, SG Americas Securities LLC boosted its position in shares of Thomson Reuters Corp by 44.0% in the second quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock worth $227,000 after buying an additional 1,497 shares during the period. Institutional investors and hedge funds own 26.09% of the company’s stock.
Thomson Reuters Corp (NYSE:TRI) traded down $0.11 during midday trading on Friday, reaching $44.50. The company’s stock had a trading volume of 475,500 shares, compared to its average volume of 803,951. Thomson Reuters Corp has a one year low of $41.26 and a one year high of $48.61. The company has a current ratio of 0.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $31,664.42, a price-to-earnings ratio of 17.73, a P/E/G ratio of 2.18 and a beta of 0.74.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a return on equity of 13.91% and a net margin of 27.20%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. analysts forecast that Thomson Reuters Corp will post 2.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be paid a $0.345 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.10%. Thomson Reuters Corp’s payout ratio is presently 33.09%.
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Several analysts have recently commented on the company. Zacks Investment Research cut Thomson Reuters Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 target price on Thomson Reuters Corp and gave the stock a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 target price on shares of Thomson Reuters Corp in a research report on Tuesday, September 19th. Scotiabank raised their target price on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, Berenberg Bank set a $37.00 target price on Thomson Reuters Corp and gave the stock a “sell” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.31.
Thomson Reuters Corp Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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