Thomson Reuters Co. (NYSE:TRI) Position Reduced by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,794 shares of the business services provider’s stock after selling 206 shares during the period. 180 Wealth Advisors LLC’s holdings in Thomson Reuters were worth $279,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Thomson Reuters during the 4th quarter worth $11,438,000. Quotient Wealth Partners LLC acquired a new position in shares of Thomson Reuters in the 4th quarter valued at about $957,000. FIL Ltd boosted its holdings in shares of Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock valued at $730,195,000 after buying an additional 445,444 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Thomson Reuters in the 4th quarter valued at about $2,954,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of Thomson Reuters by 11.4% in the 4th quarter. CIBC Asset Management Inc now owns 581,703 shares of the business services provider’s stock valued at $85,320,000 after buying an additional 59,388 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 1.2 %

TRI stock opened at $168.52 on Friday. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $176.03. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 6.51 and a beta of 0.71. The firm’s 50-day moving average is $166.65 and its two-hundred day moving average is $156.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.85 EPS. Thomson Reuters’s revenue was up 8.5% on a year-over-year basis. On average, analysts forecast that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.28%. Thomson Reuters’s dividend payout ratio (DPR) is 40.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. UBS Group lifted their price target on shares of Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Scotiabank lifted their price target on shares of Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, TD Securities boosted their target price on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.64.

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.