Thomson Reuters Co. (NYSE:TRI) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,530 shares of the business services provider’s stock after selling 91 shares during the quarter. Sanctuary Advisors LLC’s holdings in Thomson Reuters were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Thomson Reuters during the 2nd quarter valued at $25,000. Asset Dedication LLC increased its holdings 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 stake in shares of Thomson Reuters during the third quarter valued at about $42,000. Ashton Thomas Securities LLC acquired a new stake in Thomson Reuters in the third quarter worth about $47,000. Finally, Exchange Traded Concepts LLC grew its position in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 167 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRI has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price on the stock. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $175.20.

Thomson Reuters Price Performance

TRI stock opened at $163.15 on Tuesday. Thomson Reuters Co. has a one year low of $142.73 and a one year high of $176.03. The firm has a 50-day moving average of $165.88 and a two-hundred day moving average of $166.51. The firm has a market capitalization of $73.40 billion, a PE ratio of 32.12, a P/E/G ratio of 5.69 and a beta of 0.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.32%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is presently 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.