Jarislowsky Fraser Ltd Lowers stake in Thomson Reuters Corp (TRI)

Thomson Reuters Corp (TRI) : Jarislowsky Fraser Ltd reduced its stake in Thomson Reuters Corp by 1.54% during the most recent quarter end. The investment management company now holds a total of 9,494,110 shares of Thomson Reuters Corp which is valued at $397,803,209 after selling 148,469 shares in Thomson Reuters Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Thomson Reuters Corp makes up approximately 2.81% of Jarislowsky Fraser Ltd’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management reduced its stake in TRI by selling 11,117 shares or 25.56% in the most recent quarter. The Hedge Fund company now holds 32,378 shares of TRI which is valued at $1,365,704. Thomson Reuters Corp makes up approx 0.09% of Rafferty Asset Management’s portfolio. Commonwealth Equity Services Inc added TRI to its portfolio by purchasing 5,534 company shares during the most recent quarter which is valued at $228,499. Capwealth Advisors sold out all of its stake in TRI during the most recent quarter. The investment firm sold 197 shares of TRI which is valued $8,168.Plante Moran Financial Advisors boosted its stake in TRI in the latest quarter, The investment management firm added 212 additional shares and now holds a total of 939 shares of Thomson Reuters Corp which is valued at $38,931. Thomson Reuters Corp makes up approx 0.03% of Plante Moran Financial Advisors’s portfolio.

Thomson Reuters Corp opened for trading at $41.96 and hit $41.96 on the upside on Tuesday, eventually ending the session at $41.57, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 8,66,670 shares. Company has a market cap of $30,995 M.

On the company’s financial health, Thomson Reuters Corp reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $2769.00 million for the quarter, compared to analysts expectations of $2827.13 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Thomson Reuters Corp. Thomson Reuters Corp was Downgraded by TD Securities to ” Hold” on Jun 27, 2016.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk Legal Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news information and analytics enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information decision tools software and services that support legal investigation business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information software and services for professionals in accounting firms corporations law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information decision support tools and services.

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