180 Wealth Advisors LLC Decreases Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

180 Wealth Advisors LLC trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,794 shares of the business services provider’s stock after selling 206 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Thomson Reuters were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TRI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Thomson Reuters by 16.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,356 shares of the business services provider’s stock worth $1,146,000 after buying an additional 1,027 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Thomson Reuters by 1.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 36,355 shares of the business services provider’s stock worth $5,665,000 after buying an additional 448 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Thomson Reuters during the 1st quarter worth approximately $78,000. Opal Wealth Advisors LLC acquired a new stake in Thomson Reuters in the 1st quarter valued at approximately $85,000. Finally, Gulf International Bank UK Ltd increased its holdings in Thomson Reuters by 5.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 85 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $168.52 on Friday. Thomson Reuters Co. has a 12-month low of $117.46 and a 12-month high of $176.03. The stock has a market cap of $75.77 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 6.51 and a beta of 0.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $166.65 and a 200-day simple moving average of $156.77.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.85 earnings per share. Thomson Reuters’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts expect that Thomson Reuters Co. will post 3.67 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were paid a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a yield of 1.28%. Thomson Reuters’s dividend payout ratio is presently 40.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. National Bank Financial upgraded shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.64.

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.