Natixis Advisors LLC Sells 71,078 Shares of Thomson Reuters Co. (NYSE:TRI)

Natixis Advisors LLC decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 83.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,843 shares of the business services provider’s stock after selling 71,078 shares during the quarter. Natixis Advisors LLC’s holdings in Thomson Reuters were worth $2,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its stake in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. Asset Dedication LLC boosted 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 purchasing an additional 130 shares during the period. Clean Yield Group bought a new position in shares of Thomson Reuters in the third quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters in the third quarter worth $47,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.4 %

Thomson Reuters stock opened at $161.20 on Monday. Thomson Reuters Co. has a one year low of $138.09 and a one year high of $176.03. The business’s fifty day moving average is $167.38 and its 200 day moving average is $167.25. The stock has a market capitalization of $72.53 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday. Scotiabank raised their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada lifted their price target 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and an average price target of $176.33.

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.