Cerity Partners LLC Purchases 2,075 Shares of Thomson Reuters Co. (NYSE:TRI)

Cerity Partners LLC lifted its stake in Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) by 87.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,436 shares of the business services provider’s stock after acquiring an additional 2,075 shares during the period. Cerity Partners LLC’s holdings in Thomson Reuters were worth $462,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Thomson Reuters by 39.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,587 shares of the business services provider’s stock worth $270,000 after acquiring an additional 736 shares in the last quarter. United Capital Financial Advisers LLC raised its position in shares of Thomson Reuters by 0.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 263,642 shares of the business services provider’s stock worth $28,697,000 after acquiring an additional 999 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Thomson Reuters by 6.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,448 shares of the business services provider’s stock worth $255,000 after acquiring an additional 148 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Thomson Reuters in the 1st quarter worth $297,000. Finally, AGF Investments Inc. raised its position in shares of Thomson Reuters by 105.3% in the 1st quarter. AGF Investments Inc. now owns 938,895 shares of the business services provider’s stock worth $101,937,000 after acquiring an additional 481,546 shares in the last quarter. 21.18% of the stock is owned by institutional investors.

Thomson Reuters Stock Up 1.5 %

Shares of TRI opened at $113.55 on Friday. Thomson Reuters Co. has a 52 week low of $91.55 and a 52 week high of $123.60. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $54.61 billion, a price-to-earnings ratio of 58.83, a PEG ratio of 4.10 and a beta of 0.56. The stock’s 50-day moving average price is $105.97 and its 200-day moving average price is $105.26.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be paid a $0.322 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 1.13%. Thomson Reuters’s payout ratio is 92.23%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their price target on Thomson Reuters from $115.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Morgan Stanley dropped their target price on Thomson Reuters from $112.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 2nd. StockNews.com started coverage on Thomson Reuters in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. BMO Capital Markets boosted their target price on Thomson Reuters from $160.00 to $165.00 in a research note on Wednesday, November 2nd. Finally, Royal Bank of Canada dropped their target price on Thomson Reuters from $118.00 to $116.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.67.

About Thomson Reuters

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Thomson Reuters Corporation provides 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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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