Thomson Reuters Co. (NYSE:TRI) Holdings Decreased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,293 shares of the business services provider’s stock after selling 2,083 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Thomson Reuters were worth $4,865,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in shares of Thomson Reuters by 25.7% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock valued at $56,000 after buying an additional 78 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Thomson Reuters by 0.7% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 82 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Thomson Reuters by 0.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,979 shares of the business services provider’s stock valued at $1,898,000 after purchasing an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Thomson Reuters by 4.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,671 shares of the business services provider’s stock worth $327,000 after purchasing an additional 107 shares during the period. Finally, Vise Technologies Inc. lifted its holdings in shares of Thomson Reuters by 2.0% in the 4th quarter. Vise Technologies Inc. now owns 5,428 shares of the business services provider’s stock worth $794,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE:TRI opened at $175.79 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $159.08 and its 200 day moving average price is $151.57. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $176.03. The firm has a market cap of $79.21 billion, a P/E ratio of 33.48, a PEG ratio of 6.71 and a beta of 0.65.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a yield of 1.23%. Thomson Reuters’s dividend payout ratio is currently 41.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRI shares. TD Securities raised their target price on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Scotiabank boosted their price objective on Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group raised their target price on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and an average price target of $164.31.

Get Our Latest Analysis on Thomson Reuters

Thomson Reuters Profile

(Free Report)

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.

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

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