Thomson Reuters Co. $TRI Position Cut by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,640 shares of the business services provider’s stock after selling 661 shares during the quarter. Voya Investment Management LLC’s holdings in Thomson Reuters were worth $6,667,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock valued at $770,000 after buying an additional 68 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 69 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 valued at $71,000 after purchasing an additional 84 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Thomson Reuters by 5.5% in the 1st quarter. Compound Planning Inc. now owns 1,919 shares of the business services provider’s stock worth $332,000 after purchasing an additional 100 shares during the last quarter. Finally, Sara Bay Financial grew its stake in shares of Thomson Reuters by 3.3% in the 1st quarter. Sara Bay Financial now owns 3,275 shares of the business services provider’s stock worth $560,000 after purchasing an additional 104 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 0.3%

NYSE:TRI opened at $169.21 on Thursday. Thomson Reuters Co. has a 1-year low of $151.60 and a 1-year high of $218.42. The firm has a market capitalization of $76.26 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 5.67 and a beta of 0.74. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $185.98 and its 200 day moving average price is $185.25.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is 65.75%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRI. CIBC raised shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 19th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and upped their price target for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $188.00 to $200.00 in a research note on Wednesday, August 6th. Royal Bank Of Canada decreased their target price on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $202.82.

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.