Thomson Reuters Co. $TRI Holdings Decreased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC reduced its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 48.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,075 shares of the business services provider’s stock after selling 12,240 shares during the period. Orion Porfolio Solutions LLC’s holdings in Thomson Reuters were worth $2,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TRI. AlphaCore Capital LLC acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at about $39,000. Cullen Frost Bankers Inc. lifted its position in shares of Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after purchasing an additional 83 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Thomson Reuters by 100.0% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the business services provider’s stock worth $52,000 after purchasing an additional 169 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Thomson Reuters during the third quarter valued at approximately $57,000. Finally, SBI Securities Co. Ltd. grew its position in Thomson Reuters by 30.9% during the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 73 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

TRI stock opened at $103.11 on Thursday. The firm has a 50 day moving average of $107.64 and a two-hundred day moving average of $135.32. Thomson Reuters Co. has a 12 month low of $79.71 and a 12 month high of $218.42. The company has a market capitalization of $45.89 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 5.67 and a beta of 0.81. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm earned $1.01 EPS. Thomson Reuters’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $0.655 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s payout ratio is presently 78.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRI shares. Canaccord Genuity Group cut their target price on shares of Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. UBS Group set a $131.50 price target on shares of Thomson Reuters in a report on Friday, February 6th. The Goldman Sachs Group set a $111.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Saturday, February 7th. Royal Bank Of Canada upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective for the company in a report on Tuesday, February 10th. Finally, Wells Fargo & Company set a $140.00 target price on Thomson Reuters and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.42.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.