Unigestion Holding SA acquired a new position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,900 shares of the business services provider’s stock, valued at approximately $380,000.

A number of other large investors have also recently added to or reduced their stakes in TRI. Norges Bank acquired a new position in Thomson Reuters in the fourth quarter worth approximately $99,235,000. Janus Henderson Group PLC increased its holdings in Thomson Reuters by 1,006.9% in the first quarter. Janus Henderson Group PLC now owns 678,021 shares of the business services provider’s stock worth $40,131,000 after buying an additional 616,767 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Thomson Reuters by 25.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,851,751 shares of the business services provider’s stock worth $109,624,000 after buying an additional 378,160 shares during the last quarter. Pennsylvania Trust Co acquired a new position in Thomson Reuters in the first quarter worth approximately $35,862,000. Finally, Fiera Capital Corp increased its holdings in Thomson Reuters by 14.0% in the first quarter. Fiera Capital Corp now owns 1,674,061 shares of the business services provider’s stock worth $99,026,000 after buying an additional 205,296 shares during the last quarter. Hedge funds and other institutional investors own 20.38% of the company’s stock.

Shares of TRI stock opened at $70.41 on Friday. Thomson Reuters Corp has a 12 month low of $44.78 and a 12 month high of $70.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83. The company’s 50 day moving average is $66.27. The firm has a market capitalization of $33.79 billion, a P/E ratio of 77.68, a PEG ratio of 7.54 and a beta of 0.53.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. Thomson Reuters had a return on equity of 4.25% and a net margin of 78.52%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts expect that Thomson Reuters Corp will post 1.12 earnings per share for the current fiscal year.

TRI has been the topic of a number of research reports. Macquarie restated a “neutral” rating on shares of EXPERIAN PLC/ADR in a report on Tuesday, June 25th. Canaccord Genuity downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$78.00 to C$88.00 in a report on Monday, April 22nd. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $63.15.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics.

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

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