Ameritas Advisory Services LLC Buys Shares of 186 Thomson Reuters Co. $TRI

Ameritas Advisory Services LLC bought a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 186 shares of the business services provider’s stock, valued at approximately $37,000.

Several other institutional investors also recently bought and sold shares of TRI. Brighton Jones LLC acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $448,000. Rhumbline Advisers raised its holdings 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 worth $770,000 after buying an additional 68 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Thomson Reuters by 42.8% in the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider’s stock worth $84,000 after buying an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Thomson Reuters by 173.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,099 shares of the business services provider’s stock worth $4,164,000 after buying an additional 15,301 shares during the last quarter. Finally, Clarius Group LLC raised its holdings in shares of Thomson Reuters by 14.9% in the first quarter. Clarius Group LLC now owns 2,238 shares of the business services provider’s stock worth $387,000 after buying an additional 290 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and raised their price target for the stock from $275.00 to $285.00 in a report on Thursday, August 28th. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $188.00 to $200.00 in a report on Wednesday, August 6th. Morgan Stanley decreased their price target on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. Finally, Wells Fargo & Company raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average price target of $202.82.

Thomson Reuters Stock Up 1.4%

Shares of NYSE TRI opened at $154.68 on Wednesday. The firm has a market cap of $69.45 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company’s 50-day simple moving average is $167.42 and its 200-day simple moving average is $183.01. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52-week low of $149.47 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.5%. Thomson Reuters’s payout ratio is currently 65.75%.

Thomson Reuters Company 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.