Retirement Investment Advisors Inc. Acquires New Stake in Thomson Reuters Co. (NYSE:TRI)

Retirement Investment Advisors Inc. bought a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,573 shares of the business services provider’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Thomson Reuters by 3.0% during the second 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 lifted its holdings in Thomson Reuters by 1.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock worth $1,252,000 after buying an additional 74 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Thomson Reuters by 4.8% in the 2nd 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 stake in shares of Thomson Reuters by 0.4% in the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock worth $3,508,000 after acquiring an additional 79 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 76.9% during the first 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. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $170.32 on Friday. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.03. The firm has a market capitalization of $76.59 billion, a P/E ratio of 32.44, a P/E/G ratio of 5.82 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $165.37 and its 200 day moving average price is $163.47.

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

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.146 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s payout ratio is currently 41.14%.

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.