Profund Advisors LLC Makes New Investment in Thomson Reuters Co. $TRI

Profund Advisors LLC purchased a new stake in Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 32,584 shares of the business services provider’s stock, valued at approximately $5,061,000.

A number of other large investors have also modified their holdings of the stock. TD Asset Management Inc grew its stake in Thomson Reuters by 3.0% during the 2nd quarter. TD Asset Management Inc now owns 5,681,469 shares of the business services provider’s stock worth $1,140,208,000 after purchasing an additional 166,977 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Thomson Reuters by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,617,231 shares of the business services provider’s stock valued at $1,129,591,000 after buying an additional 140,631 shares during the period. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters during the second quarter worth about $865,442,000. LCC Family Corp. purchased a new stake in shares of Thomson Reuters during the second quarter worth approximately $813,253,000. Finally, SEG Family Corp. acquired a new stake in Thomson Reuters in the second quarter valued at approximately $659,930,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday. Canadian Imperial Bank of Commerce set a $183.00 target price on Thomson Reuters and gave the company an “outperformer” rating in a report on Friday, January 16th. Royal Bank Of Canada set a $126.00 price target on Thomson Reuters in a report on Friday. Scotiabank reiterated an “outperform” rating and issued a $156.00 price objective (down previously from $189.00) on shares of Thomson Reuters in a report on Friday. Finally, Canaccord Genuity Group cut their target price on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and an average price target of $156.42.

Check Out Our Latest Stock Analysis on TRI

Thomson Reuters News Roundup

Here are the key news stories impacting Thomson Reuters this week:

Thomson Reuters Stock Performance

Shares of TRI stock opened at $88.07 on Monday. The stock’s 50-day moving average is $124.83 and its two-hundred day moving average is $149.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 1 year low of $85.02 and a 1 year high of $218.42. The firm has a market cap of $39.19 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last announced its earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 17th. Thomson Reuters’s payout ratio is 78.68%.

About Thomson Reuters

(Free Report)

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.

Featured Stories

Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI).

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

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.