Prospera Financial Services Inc Acquires 280 Shares of Thomson Reuters Co. (NYSE:TRI)

Prospera Financial Services Inc grew its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,964 shares of the business services provider’s stock after buying an additional 280 shares during the quarter. Prospera Financial Services Inc’s holdings in Thomson Reuters were worth $506,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TRI. Cibc World Market Inc. raised its holdings in shares of Thomson Reuters by 26.3% in the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock valued at $223,525,000 after purchasing an additional 276,206 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $45,514,000. Toronto Dominion Bank grew its position in shares of Thomson Reuters by 87.1% in the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock worth $85,136,000 after buying an additional 235,145 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter worth approximately $29,250,000. Finally, Millennium Management LLC grew its position in shares of Thomson Reuters by 179.5% in the 2nd quarter. Millennium Management LLC now owns 243,524 shares of the business services provider’s stock worth $41,033,000 after buying an additional 156,410 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.4 %

NYSE:TRI opened at $161.20 on Friday. The company has a market cap of $72.53 billion, a PE ratio of 31.73, a P/E/G ratio of 5.47 and a beta of 0.73. Thomson Reuters Co. has a twelve month low of $138.09 and a twelve month high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $167.38 and its two-hundred day moving average is $167.25.

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. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRI. Scotiabank lifted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.