Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 73.5% in the third quarter, Holdings Channel reports. The institutional investor owned 4,265 shares of the business services provider’s stock after buying an additional 1,807 shares during the period. Advisors Asset Management Inc.’s holdings in Thomson Reuters were worth $728,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in Thomson Reuters by 23.8% during the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after purchasing an additional 3,223 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Thomson Reuters by 6.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,338 shares of the business services provider’s stock worth $832,000 after buying an additional 324 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Thomson Reuters in the 1st quarter valued at approximately $1,006,000. Cetera Advisors LLC grew its holdings in Thomson Reuters by 12.0% during the first quarter. Cetera Advisors LLC now owns 3,172 shares of the business services provider’s stock worth $494,000 after acquiring an additional 341 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Thomson Reuters by 11.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,405 shares of the business services provider’s stock worth $4,574,000 after acquiring an additional 3,121 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TRI shares. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research report on Tuesday. They set an “equal weight” rating and a $165.00 target price on the stock. Scotiabank lifted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada lifted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $175.20.

Thomson Reuters Stock Up 0.0 %

TRI opened at $160.79 on Wednesday. The business’s fifty day simple moving average is $166.99 and its 200 day simple moving average is $167.15. Thomson Reuters Co. has a 52 week low of $138.30 and a 52 week high of $176.03. The firm has a market cap of $72.34 billion, a P/E ratio of 31.65, a PEG ratio of 5.45 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

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

Thomson Reuters Increases Dividend

The firm 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 dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

About Thomson Reuters

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.