Blue Trust Inc. cut its stake in shares of Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI) by 46.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 661 shares of the business services provider’s stock after selling 576 shares during the period. Blue Trust Inc.’s holdings in Thomson Reuters were worth $111,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Thomson Reuters in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Asset Dedication LLC boosted its position in shares of Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after buying an additional 130 shares during the period. Clean Yield Group purchased a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $42,000. Finally, Exchange Traded Concepts LLC lifted its position in Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 167 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TRI has been the subject of several recent research reports. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from $168.00 to $171.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $164.00 to $182.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $173.73.
Thomson Reuters Stock Performance
Shares of TRI stock opened at $166.44 on Tuesday. The stock has a market capitalization of $74.83 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 5.54 and a beta of 0.73. The company’s 50-day simple moving average is $168.83 and its 200-day simple moving average is $166.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88. Thomson Reuters Co. has a one year low of $118.54 and a one year high of $176.03.
Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. Equities analysts anticipate that Thomson Reuters Co. will post 3.71 earnings per share for the current fiscal year.
Thomson Reuters Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.146 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s dividend payout ratio (DPR) is 41.14%.
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.
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