<div id="readability-page-1"><p>Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) <span>TSE: TRI<span></span></span> by 9.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,237 shares of the business services provider's stock after acquiring an additional 6,897 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Thomson Reuters were worth $12,848,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Thomson Reuters</strong> alerts:</span></p></div><p>Several other institutional investors also recently bought and sold shares of the stock. Ridgewood Investments LLC purchased a new position in Thomson Reuters during the second quarter valued at $111,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Thomson Reuters by 142.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 24,702 shares of the business services provider's stock worth $4,164,000 after buying an additional 14,523 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of Thomson Reuters by 7.9% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,552 shares of the business services provider's stock worth $262,000 after buying an additional 114 shares in the last quarter. Moody Lynn &amp; Lieberson LLC purchased a new position in shares of Thomson Reuters in the 2nd quarter worth $200,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Thomson Reuters by 37.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 17,568 shares of the business services provider's stock worth $2,961,000 after buying an additional 4,764 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analyst Ratings Changes</h2><p>A number of brokerages have commented on TRI. JPMorgan Chase &amp; Co. lifted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a &#34;neutral&#34; rating in a research note on Friday, August 2nd. Royal Bank of Canada dropped their price objective on shares of Thomson Reuters from $170.00 to $168.00 and set a &#34;sector perform&#34; rating for the company in a research note on Friday, August 2nd. UBS Group raised their target price on shares of Thomson Reuters from $177.00 to $190.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, May 3rd. CIBC raised their target price on shares of Thomson Reuters from $152.00 to $156.00 and gave the stock a &#34;neutral&#34; rating in a report on Friday, May 3rd. Finally, Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a &#34;hold&#34; rating in a report on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and an average target price of $173.45.</p><p><b>Get Our Latest Report on TRI</b></p><h2>Thomson Reuters Stock Down 0.4 %</h2><p>Shares of Thomson Reuters stock traded down $0.73 on Thursday, reaching $169.59. The stock had a trading volume of 268,353 shares, compared to its average volume of 383,550. The company has a 50 day moving average price of $164.59 and a 200 day moving average price of $162.12. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $176.03. The stock has a market capitalization of $76.27 billion, a P/E ratio of 32.30, a P/E/G ratio of 5.96 and a beta of 0.72. </p><p>Thomson Reuters (NYSE:TRI - Get Free Report) <span>TSE: TRI<span></span></span> last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.72 EPS for the current year. </p><h2>Thomson Reuters Cuts Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.146 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Thursday, August 15th. Thomson Reuters's payout ratio is currently 41.14%. </p><h2>Thomson Reuters Profile</h2> (Free Report)<p>Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax &amp; Accounting 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 to law firms and governments.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Thomson Reuters</li><li>Options Trading - Understanding Strike Price</li><li>Does A&amp;F's Q2 Earnings Win Point to a Strong Holiday Season?</li><li>Investing in Construction Stocks</li><li>Best Buy Stock Flashes Bullish Signal, Challenges Remain</li><li>What is the S&amp;P/TSX Index?</li><li>Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results</li></ul><p><strong>Want to see what other hedge funds are holding TRI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Co. 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<p>Zurcher Kantonalbank increased its stake in Thomson Reuters Co. (NYSE:TRI) by 9.9% during the second quarter, now holding 76,237 shares valued at approximately $4,848,000. Other investors have also increased their positions in the company. The stock traded down 0.4%, with an average target price of $89.45. Thomson Reuters reported an EPS of $0.85 in its latest quarter, exceeding estimates, with revenue rising 5.6% year-over-year. The company has announced a quarterly dividend to be paid on September 10th to shareholders of record as of August 15th.</p>

Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Thomson Reuters Co. (NYSE:TRI)