Mount Yale Investment Advisors LLC Has $1.64 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Mount Yale Investment Advisors LLC decreased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,725 shares of the business services provider’s stock after selling 3,366 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Thomson Reuters were worth $1,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Thomson Reuters by 23.8% during the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after buying an additional 3,223 shares in the last quarter. FIL Ltd increased its position in shares of Thomson Reuters by 9.8% in the fourth quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after purchasing an additional 445,444 shares during the period. CIBC Asset Management Inc raised its stake in Thomson Reuters by 11.4% in the fourth quarter. CIBC Asset Management Inc now owns 581,703 shares of the business services provider’s stock valued at $85,320,000 after purchasing an additional 59,388 shares in the last quarter. Gillson Capital LP bought a new stake in Thomson Reuters during the fourth quarter worth about $15,063,000. Finally, Bessemer Group Inc. lifted its position in Thomson Reuters by 874.0% during the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock worth $20,351,000 after purchasing an additional 117,320 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI stock opened at $169.46 on Monday. The company has a market capitalization of $76.19 billion, a P/E ratio of 32.28, a PEG ratio of 5.82 and a beta of 0.73. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $176.03. The company has a fifty day moving average price of $165.46 and a 200-day moving average price of $163.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that Thomson Reuters Co. will post 3.71 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.146 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is presently 41.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada decreased their price target on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus price target of $173.45.

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.