Thomson Reuters Co. (NYSE:TRI) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. trimmed its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,004 shares of the business services provider’s stock after selling 398 shares during the quarter. Benjamin Edwards Inc.’s holdings in Thomson Reuters were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new position in Thomson Reuters during the 3rd quarter valued at about $27,000. FinTrust Capital Advisors LLC acquired a new stake in Thomson Reuters during the 3rd quarter worth approximately $28,000. Pacifica Partners Inc. grew its stake in shares of Thomson Reuters by 162.0% in the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after acquiring an additional 149 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Thomson Reuters during the fourth quarter worth $37,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at $38,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRI has been the subject of several analyst reports. UBS Group boosted their target price on Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research note on Friday. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Tuesday. CIBC boosted their price target on shares of Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Scotiabank raised their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a report on Friday. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $164.31.

Thomson Reuters Stock Performance

NYSE TRI traded up $1.78 during trading hours on Friday, hitting $164.74. The company had a trading volume of 615,548 shares, compared to its average volume of 325,121. The business has a 50 day moving average of $155.25 and a 200-day moving average of $146.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $166.11. The company has a market cap of $74.34 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 3.94 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts expect that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s payout ratio is 36.99%.

Thomson Reuters 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.