Fiera Capital Corp Sells 480,658 Shares of Thomson Reuters Corp $TRI

Fiera Capital Corp reduced its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,797,209 shares of the company’s stock after selling 480,658 shares during the period. Fiera Capital Corp owned 0.40% of Thomson Reuters worth $237,248,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. TLT Family Holdco ULC acquired a new stake in Thomson Reuters in the 2nd quarter worth $865,442,000. SEG Family Corp. acquired a new stake in Thomson Reuters in the 2nd quarter worth $659,930,000. Invesco Ltd. grew its position in Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Norges Bank acquired a new stake in Thomson Reuters in the 4th quarter worth $153,417,000. Finally, First Trust Advisors LP grew its position in Thomson Reuters by 312.5% in the 3rd quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock worth $166,976,000 after purchasing an additional 814,393 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRI has been the topic of several research analyst reports. UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Bank of America decreased their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective for the company in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.84.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $86.04 on Monday. The company has a 50-day moving average of $89.40 and a 200-day moving average of $106.99. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.28 and a beta of 0.77. Thomson Reuters Corp has a 52 week low of $78.60 and a 52 week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. As a group, equities research analysts anticipate that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $0.655 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 3.0%. Thomson Reuters’s payout ratio is 76.16%.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.