Thomson Reuters Co. (NYSE:TRI) Stock Holdings Lessened by Quadrant Capital Group LLC

Quadrant Capital Group LLC reduced its holdings in Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) by 27.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,466 shares of the business services provider’s stock after selling 563 shares during the period. Quadrant Capital Group LLC’s holdings in Thomson Reuters were worth $159,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. We Are One Seven LLC lifted its position in shares of Thomson Reuters by 1.3% in the 4th quarter. We Are One Seven LLC now owns 7,695 shares of the business services provider’s stock worth $572,000 after buying an additional 95 shares during the last quarter. Comerica Bank lifted its position in shares of Thomson Reuters by 1.3% in the 1st quarter. Comerica Bank now owns 9,059 shares of the business services provider’s stock worth $969,000 after buying an additional 112 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Thomson Reuters by 4.3% in the 4th quarter. Evergreen Capital Management LLC now owns 2,942 shares of the business services provider’s stock worth $352,000 after buying an additional 120 shares during the last quarter. Pacifica Partners Inc. lifted its position in shares of Thomson Reuters by 33.4% in the 1st quarter. Pacifica Partners Inc. now owns 599 shares of the business services provider’s stock worth $61,000 after buying an additional 150 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Thomson Reuters by 2.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,480 shares of the business services provider’s stock valued at $1,014,000 after purchasing an additional 166 shares during the last quarter. 21.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRI has been the topic of several recent research reports. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Friday. CIBC upgraded shares of Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a research report on Tuesday, June 14th. Barclays cut their price objective on shares of Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Canaccord Genuity Group lifted their price objective on shares of Thomson Reuters from $115.00 to $122.00 and gave the company a “buy” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average price target of $133.00.

Thomson Reuters Stock Down 1.3 %

TRI stock opened at $114.05 on Friday. The firm’s 50-day moving average is $104.08 and its two-hundred day moving average is $103.38. The company has a market capitalization of $55.32 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 3.34 and a beta of 0.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a 52 week low of $91.55 and a 52 week high of $123.60.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last announced its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. On average, analysts forecast that Thomson Reuters Co. will post 2.45 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th will be paid a $0.445 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. Thomson Reuters’s dividend payout ratio is currently 52.98%.

Thomson Reuters Profile

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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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