Thomson Reuters Co. (NYSE:TRI) Stake Decreased by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 46.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 661 shares of the business services provider’s stock after selling 576 shares during the quarter. Blue Trust Inc.’s holdings in Thomson Reuters were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Thomson Reuters Stock Performance

Shares of TRI opened at $166.44 on Tuesday. Thomson Reuters Co. has a one year low of $118.54 and a one year high of $176.03. The company has a 50-day moving average of $168.83 and a two-hundred day moving average of $166.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $74.83 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 5.54 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.146 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio (DPR) is 41.14%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $164.00 to $182.00 in a report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $168.00 to $171.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and an average target price of $173.73.

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.