Marks Group Wealth Management Inc Sells 112 Shares of Thomson Reuters Co. (NYSE:TRI)

Marks Group Wealth Management Inc decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,157 shares of the business services provider’s stock after selling 112 shares during the period. Marks Group Wealth Management Inc’s holdings in Thomson Reuters were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rothschild Investment LLC acquired a new position in Thomson Reuters in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the period. Asset Dedication LLC grew its holdings in shares of Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after buying an additional 130 shares in the last quarter. Clean Yield Group acquired a new stake in Thomson Reuters in the 3rd quarter valued at approximately $42,000. Finally, Exchange Traded Concepts LLC lifted its stake in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 167 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

TRI opened at $166.29 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12-month low of $127.68 and a 12-month high of $176.03. The business has a 50 day moving average of $168.71 and a 200-day moving average of $166.61. The stock has a market cap of $74.81 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 5.55 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a $0.54 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio is 41.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRI. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Scotiabank lifted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Wednesday. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada upped their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.