Dimensional Fund Advisors LP Acquires 9,571 Shares of Thomson Reuters Co. (NYSE:TRI)

Dimensional Fund Advisors LP increased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,605 shares of the business services provider’s stock after purchasing an additional 9,571 shares during the period. Dimensional Fund Advisors LP’s holdings in Thomson Reuters were worth $30,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Thomson Reuters by 1.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock worth $1,252,000 after buying an additional 74 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares during the period. Avitas Wealth Management LLC boosted its stake in shares of Thomson Reuters by 0.4% in the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after purchasing an additional 79 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Thomson Reuters by 5.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock worth $239,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the topic of several research analyst reports. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $164.00 to $182.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada decreased their target price on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Finally, National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $173.45.

Thomson Reuters Stock Down 0.4 %

Shares of Thomson Reuters stock opened at $169.94 on Wednesday. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.03. The business has a fifty day simple moving average of $166.44 and a 200 day simple moving average of $164.32. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market cap of $76.42 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 5.71 and a beta of 0.73.

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

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.146 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is currently 41.14%.

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.