Thomson Reuters Co. (NYSE:TRI) Holdings Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,392 shares of the business services provider’s stock after selling 206 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Thomson Reuters were worth $935,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in Thomson Reuters by 19.4% in the 1st quarter. American Century Companies Inc. now owns 6,154 shares of the business services provider’s stock valued at $668,000 after buying an additional 1,000 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Thomson Reuters by 7.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,945 shares of the business services provider’s stock valued at $212,000 after buying an additional 128 shares during the last quarter. BlackRock Inc. grew its stake in Thomson Reuters by 11.4% in the 1st quarter. BlackRock Inc. now owns 560,049 shares of the business services provider’s stock valued at $60,961,000 after buying an additional 57,200 shares during the last quarter. Vanguard Group Inc. grew its stake in Thomson Reuters by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,314,854 shares of the business services provider’s stock valued at $578,521,000 after buying an additional 118,225 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its stake in Thomson Reuters by 89.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 138,600 shares of the business services provider’s stock valued at $15,061,000 after buying an additional 65,534 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

TRI has been the topic of a number of research analyst reports. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $153.00 price target on shares of Thomson Reuters in a research report on Wednesday, March 13th. TD Securities raised their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Scotiabank raised their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Finally, CIBC raised their price target on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $157.42.

Thomson Reuters Price Performance

NYSE:TRI opened at $152.54 on Tuesday. The company has a 50-day moving average of $156.00 and a 200-day moving average of $143.80. The company has a market capitalization of $68.86 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.97 and a beta of 0.65. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $161.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a dividend of $0.54 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 36.99%.

Thomson Reuters Profile

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 & 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.