Guardian Capital LP Has $32.34 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Guardian Capital LP lessened its position in shares of Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 220,123 shares of the business services provider’s stock after selling 14,190 shares during the quarter. Thomson Reuters makes up approximately 1.2% of Guardian Capital LP’s investment portfolio, making the stock its 25th largest holding. Guardian Capital LP’s holdings in Thomson Reuters were worth $32,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $11,438,000. Checchi Capital Advisers LLC grew its holdings in Thomson Reuters by 3.4% in the third quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider’s stock worth $741,000 after purchasing an additional 201 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in Thomson Reuters in the fourth quarter worth $2,954,000. Sapient Capital LLC bought a new stake in Thomson Reuters in the fourth quarter valued at $13,461,000. Finally, Larson Financial Group LLC raised its holdings in shares of Thomson Reuters by 0.9% during the fourth quarter. Larson Financial Group LLC now owns 16,298 shares of the business services provider’s stock valued at $2,383,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRI. Scotiabank boosted their target price on Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Royal Bank of Canada increased their target price on Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. CIBC lifted their price objective on shares of Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $164.31.

View Our Latest Analysis on Thomson Reuters

Thomson Reuters Price Performance

NYSE:TRI traded up $0.35 during trading hours on Tuesday, hitting $167.84. 318,437 shares of the company’s stock traded hands, compared to its average volume of 324,869. The business’s fifty day simple moving average is $156.48 and its two-hundred day simple moving average is $148.59. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $169.64. The firm has a market cap of $75.74 billion, a P/E ratio of 32.01, a P/E/G ratio of 4.49 and a beta of 0.65. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Thomson Reuters’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, research analysts anticipate that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.54 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.14%.

Thomson Reuters Profile

(Free Report)

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.

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

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