Clean Yield Group Purchases Shares of 245 Thomson Reuters Co. (NYSE:TRI)

Clean Yield Group acquired a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 245 shares of the business services provider’s stock, valued at approximately $42,000.

A number of other large investors also recently made changes to their positions in TRI. Blair William & Co. IL raised its stake in Thomson Reuters by 3.0% in the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after buying an additional 74 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Thomson Reuters by 4.8% in the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after buying an additional 75 shares during the period. Avitas Wealth Management LLC grew its position in Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock worth $3,508,000 after buying an additional 79 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares during the period. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRI. JPMorgan Chase & Co. upped their target price on 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 shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $164.00 to $182.00 in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada cut their target price on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Thomson Reuters presently has an average rating of “Hold” and an average target price of $173.45.

Thomson Reuters Stock Performance

NYSE TRI opened at $167.95 on Wednesday. The company has a market capitalization of $75.53 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 5.58 and a beta of 0.73. The stock has a fifty day simple moving average of $166.87 and a 200 day simple moving average of $164.62. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 EPS. Sell-side analysts expect that Thomson Reuters Co. will post 3.71 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared 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 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.14%.

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.