Cerity Partners LLC Has $4.70 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Cerity Partners LLC grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 106.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,554 shares of the business services provider's stock after acquiring an additional 14,223 shares during the period. Cerity Partners LLC's holdings in Thomson Reuters were worth $4,701,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL raised its stake in shares of Thomson Reuters by 3.0% in the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider's stock valued at $385,000 after acquiring an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Thomson Reuters by 1.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock worth $1,252,000 after buying an additional 74 shares during the period. Sivia Capital Partners LLC grew its stake in Thomson Reuters by 4.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider's stock valued at $277,000 after buying an additional 75 shares during the last quarter. Avitas Wealth Management LLC grew its stake in Thomson Reuters by 0.4% in the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider's stock valued at $3,508,000 after buying an additional 79 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock valued at $28,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRI shares. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company started coverage on shares of Thomson Reuters in a research note on Tuesday. They issued an "equal weight" rating and a $165.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of "Hold" and an average price target of $175.20.

Thomson Reuters Stock Performance

TRI traded up $1.05 during trading on Friday, reaching $162.75. 143,503 shares of the company's stock were exchanged, compared to its average volume of 352,669. The company has a market capitalization of $73.22 billion, a P/E ratio of 32.04, a PEG ratio of 5.47 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $166.55 and a 200 day moving average price of $167.04. Thomson Reuters Co. has a fifty-two week low of $138.80 and a fifty-two week high of $176.03.

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

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.33%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters's dividend payout ratio is 42.52%.

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.