Jones Financial Companies Lllp Sells 6,701 Shares of Thomson Reuters Co. $TRI

Jones Financial Companies Lllp trimmed its holdings in shares of Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,888 shares of the business services provider’s stock after selling 6,701 shares during the quarter. Jones Financial Companies Lllp’s holdings in Thomson Reuters were worth $4,692,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. TLT Family Holdco ULC bought a new stake in shares of Thomson Reuters during the 2nd quarter valued at $865,442,000. LCC Family Corp. bought a new stake in Thomson Reuters during the second quarter valued at about $813,253,000. SEG Family Corp. purchased a new stake in Thomson Reuters in the second quarter worth about $659,930,000. Norges Bank bought a new position in shares of Thomson Reuters in the second quarter worth about $275,036,000. Finally, HRT Financial LP lifted its position in shares of Thomson Reuters by 115.4% during the 2nd quarter. HRT Financial LP now owns 1,388,588 shares of the business services provider’s stock valued at $279,286,000 after buying an additional 743,923 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRI. The Goldman Sachs Group set a $111.00 target price on shares of Thomson Reuters in a report on Saturday. UBS Group set a $131.50 price objective on shares of Thomson Reuters in a research report on Friday. Huber Research upgraded shares of Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Scotiabank reiterated an “outperform” rating and issued a $156.00 price target (down previously from $189.00) on shares of Thomson Reuters in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

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Thomson Reuters Stock Down 0.3%

Shares of TRI stock opened at $88.07 on Friday. The company’s fifty day simple moving average is $124.83 and its two-hundred day simple moving average is $150.44. Thomson Reuters Co. has a 52 week low of $85.02 and a 52 week high of $218.42. The stock has a market cap of $39.19 billion, a P/E ratio of 18.01, a PEG ratio of 5.67 and a beta of 0.79. 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 (NYSE:TRIGet Free Report) (TSE:TRI) last issued its earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.655 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.62 annualized dividend and a dividend yield of 3.0%. Thomson Reuters’s payout ratio is currently 61.18%.

Thomson Reuters Company Profile

(Free Report)

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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