Thomson Reuters Corporation (TRI)

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

Beacon Pointe Advisors LLC lessened its position in shares of Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,247 shares of the business services provider’s stock after selling 431 shares during the period. Beacon Pointe Advisors LLC’s holdings in Thomson Reuters were worth $2,083,000 as of its most recent SEC filing. Other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new position in Thomson Reuters in the third quarter worth $170,036,000. FMR LLC boosted its position in Thomson Reuters by 26.3% during the 3rd quarter. FMR LLC now owns 5,657,244 shares of the business services provider’s stock worth $692,059,000 after acquiring an additional 1,179,155 shares during the period. Legal & General Group Plc grew its stake in shares of Thomson Reuters by 6,607,664.7% in the third quarter. Legal & General Group Plc now owns 1,123,320 shares of the business services provider’s stock worth $138,048,000 after purchasing an additional 1,123,303 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Thomson Reuters by 361.6% during the third quarter. Toronto Dominion Bank now owns 1,142,194 shares of the business services provider’s stock valued at $139,713,000 after purchasing an additional 894,776 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Thomson Reuters by 6.2% during the third quarter. The Manufacturers Life Insurance Company now owns 4,088,818 shares of the business services provider’s stock valued at $500,872,000 after purchasing an additional 240,148 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock. Thomson Reuters Stock Performance Shares of TRI stock opened at $171.02 on Monday. The company has a market capitalization of $77.18 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 4.58 and a beta of 0.65. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $171.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $157.52 and its 200-day simple moving average is $149.99. Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) last released its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year. Thomson Reuters Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.14%. Analysts Set New Price Targets Several research firms have commented on TRI. Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. UBS Group boosted their target price on Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. CIBC increased their price target on Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. TD Securities upped their price objective on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. Finally, National Bank Financial upgraded shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $164.31. Read Our Latest Research Report on TRI Thomson Reuters Profile (Free Report) 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. See Also Five stocks we like better than Thomson Reuters Best ESG Stocks: 11 Best Stocks for ESG Investing Canada Goose Flies Higher Driven By DTC Growth 2 Fintech Stocks to Buy Now and 1 to Avoid CVS Health Stock Has a Silver Lining Called Value Learn Technical Analysis Skills to Master the Stock Market Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI).