Captrust Financial Advisors Trims Position in Thomson Reuters Co. (NYSE:TRI)

Captrust Financial Advisors trimmed its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 76.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,808 shares of the business services provider's stock after selling 8,920 shares during the period. Captrust Financial Advisors' holdings in Thomson Reuters were worth $479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in Thomson Reuters in the 2nd quarter worth about $25,000. Asset Dedication LLC raised its holdings in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after buying an additional 130 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Thomson Reuters during the third quarter valued at approximately $42,000. Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters during the third quarter valued at approximately $47,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 167 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on TRI shares. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Wells Fargo & Company initiated coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price on the stock. Royal Bank of Canada boosted their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Scotiabank boosted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Thomson Reuters presently has an average rating of "Hold" and an average price target of $175.20.

Thomson Reuters Price Performance

Shares of TRI traded down $0.93 during mid-day trading on Friday, hitting $168.11. 193,076 shares of the stock were exchanged, compared to its average volume of 350,307. The firm has a 50-day moving average of $166.09 and a two-hundred day moving average of $166.83. Thomson Reuters Co. has a 52-week low of $138.83 and a 52-week high of $176.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $75.63 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 5.70 and a beta of 0.71.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. On average, equities analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a dividend of $0.54 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.28%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's payout ratio is currently 42.52%.

Thomson Reuters Company 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.