Crossmark Global Holdings Inc. Sells 9,695 Shares of Thomson Reuters Co. (NYSE:TRI)

Crossmark Global Holdings Inc. reduced its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 50.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,375 shares of the business services provider’s stock after selling 9,695 shares during the period. Crossmark Global Holdings Inc.’s holdings in Thomson Reuters were worth $1,599,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRI. Janney Montgomery Scott LLC raised its position in Thomson Reuters by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,360 shares of the business services provider’s stock worth $991,000 after purchasing an additional 331 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of Thomson Reuters in the 1st quarter valued at about $224,000. US Bancorp DE boosted its holdings in Thomson Reuters by 1.2% during the 1st quarter. US Bancorp DE now owns 20,236 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 246 shares during the period. Avantax Advisory Services Inc. grew its position in Thomson Reuters by 10.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,841 shares of the business services provider’s stock worth $287,000 after acquiring an additional 173 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Thomson Reuters by 10.8% in the 1st quarter. Blair William & Co. IL now owns 2,220 shares of the business services provider’s stock worth $346,000 after purchasing an additional 216 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRI. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Scotiabank upped their price objective 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, November 6th. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price target on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $176.33.

Thomson Reuters Stock Performance

Shares of TRI opened at $168.39 on Thursday. The company has a 50-day simple moving average of $168.62 and a two-hundred day simple moving average of $167.14. 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 has a market capitalization of $75.75 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 5.73 and a beta of 0.73. Thomson Reuters Co. has a one year low of $132.87 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is 42.52%.

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.