Thomson Reuters Corp (TRI) Stake Increased by DekaBank Deutsche Girozentrale

Xavier Trudeau
Août 18, 2017

Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued. Omnia Family Wealth LLC raised its position in Thomson Reuters Corp by 0.3% in the second quarter. The firm owned 72,190 shares of the business services provider's stock after buying an additional 660 shares during the period. The Georgia-based Suntrust Banks has invested 0.01% in Thomson Reuters Corp (NYSE:TRI). Creative Planning now owns 5,743 shares of the business services provider's stock valued at $248,000 after buying an additional 279 shares in the last quarter.

Altrinsic Global Advisors Llc decreased its stake in Thomson Reuters Corp (TRI) by 7.05% based on its latest 2016Q4 regulatory filing with the SEC. ETF Managers Group LLC bought a new position in Thomson Reuters Corp during the second quarter worth about $127,000. Sold All: 20 Reduced: 108 Increased: 90 New Position: 36. Blackrock has invested 0% in Thomson Reuters Corp (NYSE:TRI). As of quarter end Manufacturers Life Insurance Company, The had acquired a total of 821,599 shares growing its stake by 1,535.6%. The firm has a 50 day moving average of $46.35 and a 200 day moving average of $44.50. Thomson Reuters Corp has a 52-week low of 39.23 and a 52-week high of 48.57. The firm has a market cap of $41.82 billion and a price-to-earnings ratio of 14.37.

Thomson Reuters Corp (TRI) opened at 46.35 on Thursday. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Analysts expect next quarter's EPS will be $0.63 and the next full year EPS is projected to be $2.64. Cibc Asset Mngmt has invested 0.04% in Thomson Reuters Corp (NYSE:TRI). During the same period past year, the firm posted $0.50 EPS. On average, equities research analysts anticipate that Thomson Reuters Corp will post $2.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be issued a dividend of $0.345 per share. The ex-dividend date has been established as Tuesday the 16th of May 2017. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.31%. Thomson Reuters Corporation now has $33.17B valuation. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Legal General Public Ltd Company has 1.44M shares.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and worldwide copyright law. Finally, Scotiabank upped their price objective on Thomson Reuters Corp to C$47.00 and gave the company a "sector perform" rating in a research report on Thursday, August 3rd.

12/12/2016 - Thomson Reuters Corp had its "sector perform" rating reiterated by analysts at National Bank Financial. On June 15, 2017 the stock rating was set at "Outperform" by Macquarie which is up from the previous "Neutral" rating. As per Monday, June 27, the company rating was downgraded by TD Securities.

Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in a research note issued to investors on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold" and a consensus price target of $49.83.

Thomson Reuters Corporation (Thomson Reuters) is a provider of news and information for professional markets. The Firm is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a well-known provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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