Cambridge Investment Research Advisors Inc. Has $1.95 Million Position in Thomson Reuters Co. (NYSE:TRI)

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,277 shares of the business services provider’s stock after buying an additional 776 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Thomson Reuters were worth $1,948,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC lifted its position in Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Rhumbline Advisers grew its position in shares of Thomson Reuters by 1.5% in the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 68 shares during the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Thomson Reuters by 2.1% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider’s stock worth $611,000 after purchasing an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider’s stock worth $71,000 after purchasing an additional 84 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in Thomson Reuters by 2.1% in the 4th quarter. Atria Investments Inc now owns 4,577 shares of the business services provider’s stock valued at $734,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TRI. TD Securities increased their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price objective for the company. Royal Bank Of Canada boosted their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Barclays lifted their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $187.30.

Thomson Reuters Trading Up 0.3%

Shares of TRI stock opened at $201.67 on Wednesday. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $202.18. The stock’s fifty day moving average price is $192.15 and its two-hundred day moving average price is $177.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $90.86 billion, a PE ratio of 41.24, a P/E/G ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. Equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters’s payout ratio is 49.69%.

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.