Manitou Investment Management Ltd. increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI – Get Rating ) (TSE:TRI) by 72.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,564 shares of the business services provider’s stock after purchasing an additional 35,848 shares during the quarter. Thomson Reuters comprises approximately 1.7% of Manitou Investment Management Ltd.’s portfolio, making the stock its 22nd biggest holding. The holdings of Manitou Investment Management Ltd. in Thomson Reuters were worth $8,852,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Cigna Investments Inc. New boosted its holdings in shares of Thomson Reuters by 2.9% in the second quarter. Cigna Investments Inc. New now owns 3,237 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 90 shares during the period. Pacifica Partners Inc. boosted its holdings in shares of Thomson Reuters by 19.7% in the third quarter. Pacifica Partners Inc. now owns 717 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 118 shares during the period. West Family Investments Inc. boosted its holdings in shares of Thomson Reuters by 2.6% in the third quarter. West Family Investments Inc. now owns 4,707 shares of the business services provider’s stock valued at $483,000 after buying an additional 120 shares during the period. Cetera Advisor Networks LLC boosted its holdings in shares of Thomson Reuters by 7.0% during the first quarter. Cetera Advisor Networks LLC now owns 1,945 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 128 shares during the period. Finally, Glassman Wealth Services boosted its holdings in shares of Thomson Reuters by 64.1% in the second quarter. Glassman Wealth Services now owns 343 shares of the business services provider’s stock valued at $36,000 after buying an additional 134 shares during the period. 20.84% of the stock is currently owned by hedge funds and other institutional investors.
Introducing Thomson Reuters shares
Shares of TRI traded up $0.76 during mid-day trading on Monday, reaching $118.79. The stock had a trading volume of 74,934 shares, compared to its average volume of 416,012. The company has a market cap of $56.55 billion, a PE ratio of 61.37, a PEG ratio of 3.07 and a beta of 0.59. . Thomson Reuters Co. has a fifty-two week low of $91.55 and a fifty-two week high of $119.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $115.58, and its two hundred day simple moving average is $111.01.
Thomson Reuters (NYSE:TRI – Get Rating ) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 1st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.59 billion. Thomson Reuters had a return on equity of 8.10% and a net margin of 14.38%. On average, equities analysts expect Thomson Reuters Co. to post 2.47 earnings per share for the current year.
Thomson Reuters cuts dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, November 17th were given a $0.322 dividend. This represents a $1.29 annual dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, November 16th. Thomson Reuters’ dividend payout ratio (DPR) is 92.23%.
Wall Street analysts forecast growth
A number of equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Thomson Reuters in a research note on Wednesday, October 12th. They issued a “hold” rating on the company. BMO Capital Markets boosted their target price on Thomson Reuters from $160.00 to $165.00 in a research note on Wednesday, November 2nd. BNP Paribas downgraded Thomson Reuters from a “neutral” rating to an “underperform” rating in a research note on Thursday, December 1st. Morgan Stanley boosted their target price on Thomson Reuters from $108.00 to $111.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 4th. Finally, The Goldman Sachs Group increased their target price on Thomson Reuters from $111.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Thomson Reuters presently has an average rating of “Hold” and an average target price of $131.11, based on data from MarketBeat.
Thomson Reuters profile
Thomson Reuters Corp. is engaged in providing news and information about professional markets. It operates through the following segments: Legal Specialists, Corporate Specialists, Tax & Accounting Specialists, Reuters News and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.
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