AQR Capital Management LLC trimmed its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,285 shares of the business services provider’s stock after selling 19,511 shares during the quarter. AQR Capital Management LLC owned 0.08% of Thomson Reuters worth $20,988,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRI. Deutsche Bank AG raised its stake in Thomson Reuters by 13.8% during the 3rd quarter. Deutsche Bank AG now owns 683,260 shares of the business services provider’s stock valued at $31,207,000 after acquiring an additional 82,605 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $190,000. Bridgewater Associates LP raised its stake in shares of Thomson Reuters by 16.6% during the 3rd quarter. Bridgewater Associates LP now owns 124,094 shares of the business services provider’s stock worth $5,658,000 after buying an additional 17,693 shares in the last quarter. Northern Trust Corp raised its stake in shares of Thomson Reuters by 4.8% during the 2nd quarter. Northern Trust Corp now owns 516,102 shares of the business services provider’s stock worth $20,809,000 after buying an additional 23,457 shares in the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of Thomson Reuters by 209.3% during the 3rd quarter. Stevens Capital Management LP now owns 75,764 shares of the business services provider’s stock worth $3,461,000 after buying an additional 51,267 shares in the last quarter. 33.41% of the stock is owned by hedge funds and other institutional investors.
NYSE:TRI traded up $0.42 during mid-day trading on Monday, hitting $50.89. The company had a trading volume of 536,765 shares, compared to its average volume of 603,041. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45. Thomson Reuters Corp has a 1 year low of $40.25 and a 1 year high of $54.15. The firm has a market capitalization of $25.70 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Thomson Reuters Corp will post 0.64 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Bank of America restated a “neutral” rating and issued a $48.00 price target on shares of Thomson Reuters in a report on Wednesday, October 10th. Morgan Stanley set a $51.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Monday, October 15th. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, October 17th. Goldman Sachs Group assumed coverage on Thomson Reuters in a report on Thursday, October 18th. They issued a “neutral” rating on the stock. Finally, TD Securities restated a “buy” rating and issued a $69.00 price target on shares of Thomson Reuters in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Thomson Reuters has an average rating of “Hold” and an average target price of $52.91.
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About Thomson Reuters
Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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