Hillsdale Investment Management Inc. Sells 16,964 Shares of Thomson Reuters Corp $TRI

Hillsdale Investment Management Inc. cut its stake in shares of Thomson Reuters Corp (NASDAQ:TRI) by 95.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724 shares of the company’s stock after selling 16,964 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Thomson Reuters were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Montag A & Associates Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $43,000. Westside Investment Management Inc. grew its holdings in shares of Thomson Reuters by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock valued at $52,000 after purchasing an additional 169 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Thomson Reuters by 21.2% during the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company’s stock valued at $69,000 after purchasing an additional 77 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Thomson Reuters by 53.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock valued at $96,000 after purchasing an additional 215 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Thomson Reuters by 1,011.7% during the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after purchasing an additional 607 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TRI. UBS Group set a $185.74 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 target price on the stock in a report on Tuesday, February 10th. Barclays reissued an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Argus began coverage on shares of Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating on the stock. Finally, Morgan Stanley set a $117.74 target price on shares of Thomson Reuters in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.84.

Thomson Reuters Trading Down 8.1%

TRI opened at $86.33 on Wednesday. Thomson Reuters Corp has a fifty-two week low of $78.60 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $37.66 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.40 and a beta of 0.77. The company’s 50 day moving average price is $89.87 and its two-hundred day moving average price is $108.56.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The firm had revenue of $2.04 billion for 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 company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. As a group, research analysts predict that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 3.0%. Thomson Reuters’s payout ratio is 76.16%.

Thomson Reuters 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.