Rodgers Brothers Inc. Sells 1,497 Shares of Thomson Reuters Co. (NYSE:TRI)

Rodgers Brothers Inc. lowered its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6.7% during the first quarter, HoldingsChannel.com reports. The fund owned 20,999 shares of the business services provider’s stock after selling 1,497 shares during the quarter. Rodgers Brothers Inc.’s holdings in Thomson Reuters were worth $1,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRI. Cordasco Financial Network bought a new stake in Thomson Reuters during the first quarter valued at $26,000. Captrust Financial Advisors boosted its position in Thomson Reuters by 269.3% during the fourth quarter. Captrust Financial Advisors now owns 373 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 272 shares during the last quarter. Pacifica Partners Inc. boosted its position in Thomson Reuters by 80.2% during the first quarter. Pacifica Partners Inc. now owns 373 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 166 shares during the last quarter. JJJ Advisors Inc. boosted its position in Thomson Reuters by 87.7% during the first quarter. JJJ Advisors Inc. now owns 398 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 186 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in Thomson Reuters during the first quarter valued at $35,000. 21.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRI traded down $0.08 on Thursday, reaching $103.57. The company’s stock had a trading volume of 6,996 shares, compared to its average volume of 241,845. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.26. The firm has a market cap of $51.34 billion, a PE ratio of 8.64, a PEG ratio of 4.49 and a beta of 0.44. Thomson Reuters Co. has a twelve month low of $68.09 and a twelve month high of $103.83. The company has a fifty day moving average of $98.38.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, May 4th. The business services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.16. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.56 billion. Thomson Reuters had a net margin of 98.69% and a return on equity of 8.89%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Equities research analysts forecast that Thomson Reuters Co. will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Shareholders of record on Thursday, May 20th were paid a $0.405 dividend. The ex-dividend date was Wednesday, May 19th. This represents a $1.62 annualized dividend and a yield of 1.56%. Thomson Reuters’s dividend payout ratio (DPR) is 41.30%.

A number of equities analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of Thomson Reuters from C$130.00 to C$135.00 and gave the stock a “buy” rating in a research report on Thursday, July 15th. Morgan Stanley increased their price objective on shares of Thomson Reuters from $92.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 5th. Canaccord Genuity increased their price objective on shares of Thomson Reuters from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, May 5th. CIBC increased their price objective on shares of Thomson Reuters from $95.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, May 10th. Finally, Zacks Investment Research lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Thursday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Thomson Reuters presently has a consensus rating of “Buy” and a consensus target price of $110.40.

About Thomson Reuters

Thomson Reuters Corporation provides 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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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