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

PFG Investments LLC lessened its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 8.8% in the first quarter, HoldingsChannel.com reports. The firm owned 3,488 shares of the business services provider’s stock after selling 335 shares during the period. PFG Investments LLC’s holdings in Thomson Reuters were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in TRI. Fifth Third Bancorp lifted its position in shares of Thomson Reuters by 25.7% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after buying an additional 78 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Thomson Reuters by 0.7% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 82 shares during the period. Gulf International Bank UK Ltd grew its holdings in shares of Thomson Reuters by 5.8% during 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 purchasing an additional 85 shares during the last quarter. Advisor OS LLC raised its position in shares of Thomson Reuters by 5.2% during the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock worth $212,000 after purchasing an additional 86 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Thomson Reuters by 12.1% in the 1st 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 own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI traded down $0.81 during midday trading on Monday, reaching $153.59. The 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 current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $69.33 billion, a P/E ratio of 26.30, a P/E/G ratio of 4.02 and a beta of 0.65. The firm’s 50 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.

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

Thomson Reuters Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Securities upped their price objective on Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. CIBC increased their price objective on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Scotiabank boosted their target price on shares of Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Finally, National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Thomson Reuters has an average rating of “Hold” and an average target price of $157.42.

About Thomson Reuters

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.