Thomson Reuters Co. (NYSE:TRI) Shares Sold by PFG Investments LLC

PFG Investments LLC lowered its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 8.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,488 shares of the business services provider’s stock after selling 335 shares during the quarter. PFG Investments LLC’s holdings in Thomson Reuters were worth $543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp raised its holdings in Thomson Reuters by 25.7% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after purchasing an additional 78 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 82 shares in the last quarter. Gulf International Bank UK Ltd lifted its position in Thomson Reuters by 5.8% in the first quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 85 shares during the last quarter. Advisor OS LLC boosted its stake in Thomson Reuters by 5.2% in the third quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 86 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Thomson Reuters by 12.1% during the first quarter. Hexagon Capital Partners LLC now owns 834 shares of the business services provider’s stock worth $130,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $153.00 target price on shares of Thomson Reuters in a research report on Wednesday, March 13th. Scotiabank raised their target price on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. TD Securities upped their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. CIBC increased their price target on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, National Bank Financial upgraded shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.42.

Thomson Reuters Stock Performance

TRI traded down $0.81 during trading on Monday, reaching $153.59. The company’s stock had a trading volume of 271,144 shares, compared to its average volume of 304,520. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average price is $155.39 and its 200-day moving average price is $145.78. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $161.57. The company has a market capitalization of $69.33 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 4.02 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.41%. Thomson Reuters’s dividend payout ratio (DPR) is 36.99%.

Thomson Reuters Company 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.