Cambridge Investment Research Advisors Inc. Grows Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Cambridge Investment Research Advisors Inc. lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 142.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,702 shares of the business services provider’s stock after buying an additional 14,523 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Thomson Reuters were worth $4,164,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Atomi Financial Group Inc. boosted its stake in Thomson Reuters by 7.9% in the second quarter. Atomi Financial Group Inc. now owns 1,552 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 114 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Thomson Reuters in the 2nd quarter worth $200,000. Van Lanschot Kempen Investment Management N.V. grew its stake in Thomson Reuters by 37.2% during 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 during the last quarter. Avitas Wealth Management LLC increased its position in Thomson Reuters by 0.4% during the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after buying an additional 79 shares in the last quarter. Finally, &PARTNERS purchased a new stake in Thomson Reuters in the second quarter valued at about $278,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.4 %

Shares of TRI opened at $169.59 on Friday. The company has a market capitalization of $76.27 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 5.96 and a beta of 0.72. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $176.03. The stock’s 50-day moving average price is $164.59 and its 200-day moving average price is $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 (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.72 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.146 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a yield of 0.34%. Thomson Reuters’s payout ratio is 41.14%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRI. UBS Group upped their price objective on shares of Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Canaccord Genuity Group upped their price target 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. CIBC lifted their price objective on shares of Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $164.00 to $182.00 in a research report on Tuesday. Finally, Canaccord Genuity Group raised their target price on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $173.45.

About Thomson Reuters

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.