Atria Investments Inc Cuts Position in Thomson Reuters Co. (NYSE:TRI)

Atria Investments Inc lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 39.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,484 shares of the business services provider’s stock after selling 2,969 shares during the quarter. Atria Investments Inc’s holdings in Thomson Reuters were worth $765,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Thomson Reuters during the second quarter worth about $25,000. 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 buying an additional 80 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the last quarter. Clean Yield Group purchased a new position in shares of Thomson Reuters in the third quarter valued at approximately $42,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Thomson Reuters by 104.4% in the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 167 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research reports. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $176.33.

Thomson Reuters Trading Down 0.3 %

Shares of Thomson Reuters stock opened at $161.15 on Tuesday. Thomson Reuters Co. has a fifty-two week low of $136.93 and a fifty-two week high of $176.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $72.50 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 5.47 and a beta of 0.73. The stock has a 50 day moving average of $168.29 and a 200 day moving average of $167.40.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.82 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.54 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is currently 42.52%.

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.