Raymond James Financial Services Advisors Inc. Sells 2,038 Shares of Thomson Reuters Co. (NYSE:TRI)

Raymond James Financial Services Advisors Inc. decreased its holdings in Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) by 19.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,403 shares of the business services provider’s stock after selling 2,038 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Thomson Reuters were worth $862,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TRI. Bishop Rock Capital L.P. lifted its position in Thomson Reuters by 9,749.8% in the 2nd quarter. Bishop Rock Capital L.P. now owns 2,634,429 shares of the business services provider’s stock valued at $25,280,000 after acquiring an additional 2,607,683 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Thomson Reuters by 227.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,331,569 shares of the business services provider’s stock worth $138,763,000 after buying an additional 925,535 shares in the last quarter. Millennium Management LLC lifted its position in shares of Thomson Reuters by 182.0% during the 2nd quarter. Millennium Management LLC now owns 1,200,479 shares of the business services provider’s stock worth $125,104,000 after buying an additional 774,826 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Thomson Reuters by 9.7% during the 2nd quarter. Mackenzie Financial Corp now owns 7,796,702 shares of the business services provider’s stock worth $812,803,000 after buying an additional 691,135 shares in the last quarter. Finally, TPG GP A LLC lifted its position in shares of Thomson Reuters by 16.1% during the 2nd quarter. TPG GP A LLC now owns 2,911,211 shares of the business services provider’s stock worth $303,377,000 after buying an additional 404,571 shares in the last quarter. Institutional investors own 20.84% of the company’s stock.

Analyst Ratings Changes

TRI has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Thomson Reuters from $108.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 4th. Royal Bank of Canada dropped their target price on shares of Thomson Reuters from $118.00 to $116.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Scotiabank reissued a “sector perform” rating and set a $126.00 target price on shares of Thomson Reuters in a research report on Monday, December 19th. Exane BNP Paribas cut shares of Thomson Reuters from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 1st. Finally, TD Securities raised their price target on shares of Thomson Reuters from C$165.00 to C$170.00 in a research note on Wednesday, December 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.11.

Thomson Reuters Stock Up 0.8 %

Thomson Reuters stock opened at $117.97 on Monday. Thomson Reuters Co. has a 1-year low of $91.55 and a 1-year high of $119.87. The firm has a market capitalization of $56.16 billion, a price-to-earnings ratio of 61.12, a P/E/G ratio of 3.07 and a beta of 0.59. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $114.94 and a 200 day simple moving average of $110.62.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 1st. The business services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Thomson Reuters had a net margin of 14.38% and a return on equity of 8.10%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.59 billion. On average, analysts predict that Thomson Reuters Co. will post 2.47 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, November 17th were paid a $0.322 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $1.29 dividend on an annualized basis and a yield of 1.09%. Thomson Reuters’s dividend payout ratio is 92.23%.

Thomson Reuters Profile

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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.