Avior Wealth Management LLC Sells 423 Shares of Thomson Reuters Co. (NYSE:TRI)

Avior Wealth Management LLC decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 63.6% in the third quarter, Holdings Channel.com reports. The firm owned 242 shares of the business services provider’s stock after selling 423 shares during the quarter. Avior Wealth Management LLC’s holdings in Thomson Reuters were worth $41,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. West Family Investments Inc. increased its stake in shares of Thomson Reuters by 3.1% in the 3rd quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock worth $719,000 after acquiring an additional 126 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Thomson Reuters by 5,169.8% during the third quarter. Banque Cantonale Vaudoise now owns 5,586 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 5,480 shares during the last quarter. Prospera Financial Services Inc boosted its position in shares of Thomson Reuters by 10.4% in the 3rd quarter. Prospera Financial Services Inc now owns 2,964 shares of the business services provider’s stock worth $506,000 after purchasing an additional 280 shares in the last quarter. Caprock Group LLC grew its stake in shares of Thomson Reuters by 7.6% in the 3rd quarter. Caprock Group LLC now owns 3,506 shares of the business services provider’s stock worth $598,000 after buying an additional 248 shares during the last quarter. Finally, Swiss National Bank increased its position in Thomson Reuters by 0.4% during the 3rd quarter. Swiss National Bank now owns 476,055 shares of the business services provider’s stock valued at $81,331,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

TRI stock opened at $160.72 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $138.30 and a 1 year high of $176.03. The company has a market cap of $72.31 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 5.45 and a beta of 0.73. The stock’s fifty day moving average price is $167.14 and its 200-day moving average price is $167.20.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $0.82 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.34%. Thomson Reuters’s payout ratio is 42.52%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TRI shares. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday. Royal Bank of Canada increased their price target 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. Finally, Scotiabank upped their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.33.

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.