Thomson Reuters Co. (NYSE:TRI) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC trimmed its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,366 shares of the business services provider’s stock after selling 79 shares during the period. Quotient Wealth Partners LLC’s holdings in Thomson Reuters were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TRI. National Bank of Canada FI grew its holdings in Thomson Reuters by 115.7% during the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after acquiring an additional 516,715 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Thomson Reuters by 11.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after purchasing an additional 255,387 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Thomson Reuters by 909.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock worth $35,815,000 after purchasing an additional 189,199 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at about $29,250,000. Finally, Prana Capital Management LP acquired a new stake in shares of Thomson Reuters in the third quarter valued at about $19,143,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $179.02 on Tuesday. The stock has a market capitalization of $80.56 billion, a P/E ratio of 36.61, a P/E/G ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $179.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50-day moving average is $164.26 and its two-hundred day moving average is $165.50.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. Equities analysts predict that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a $0.595 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s dividend payout ratio is presently 48.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRI shares. Royal Bank of Canada increased their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, CIBC boosted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $182.09.

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.