Janney Montgomery Scott LLC Acquires 369 Shares of Thomson Reuters Co. (NYSE:TRI)

Janney Montgomery Scott LLC grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,146 shares of the business services provider’s stock after purchasing an additional 369 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Thomson Reuters were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRI. First Trust Direct Indexing L.P. grew its stake in shares of Thomson Reuters by 15.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,137 shares of the business services provider’s stock worth $876,000 after acquiring an additional 690 shares in the last quarter. Avitas Wealth Management LLC boosted its holdings in shares of Thomson Reuters by 1.6% in the 3rd quarter. Avitas Wealth Management LLC now owns 21,137 shares of the business services provider’s stock worth $3,606,000 after buying an additional 326 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Thomson Reuters by 67.6% during the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 200 shares during the last quarter. Forsta AP Fonden lifted its holdings in Thomson Reuters by 11.8% during the third quarter. Forsta AP Fonden now owns 71,888 shares of the business services provider’s stock valued at $12,276,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Thomson Reuters by 30.3% during the third quarter. Ballentine Partners LLC now owns 3,822 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 889 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TRI. JPMorgan Chase & Co. increased their price target 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. Scotiabank raised their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada raised their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average target price of $176.33.

Thomson Reuters Stock Performance

NYSE TRI opened at $161.69 on Friday. The company has a market cap of $72.74 billion, a P/E ratio of 32.01, a P/E/G ratio of 5.70 and a beta of 0.73. 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 business’s 50 day moving average price is $168.53 and its 200-day moving average price is $167.13. Thomson Reuters Co. has a fifty-two week low of $133.26 and a fifty-two week high of $176.03.

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

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. 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.