Crossmark Global Holdings Inc. Has $1.60 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Crossmark Global Holdings Inc. cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 50.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,375 shares of the business services provider's stock after selling 9,695 shares during the period. Crossmark Global Holdings Inc.'s holdings in Thomson Reuters were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cibc World Market Inc. raised its stake in shares of Thomson Reuters by 26.3% in the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock valued at $223,525,000 after purchasing an additional 276,206 shares during the period. MUFG Securities EMEA plc acquired a new stake in Thomson Reuters in the 2nd quarter valued at approximately $45,514,000. Toronto Dominion Bank lifted its stake in Thomson Reuters by 87.1% in the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after acquiring an additional 235,145 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Thomson Reuters during the 3rd quarter worth approximately $29,250,000. Finally, Millennium Management LLC grew its stake in shares of Thomson Reuters by 179.5% during the 2nd quarter. Millennium Management LLC now owns 243,524 shares of the business services provider's stock worth $41,033,000 after acquiring an additional 156,410 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded down $3.65 during trading hours on Thursday, reaching $164.74. 270,217 shares of the stock were exchanged, compared to its average volume of 353,618. The stock's fifty day simple moving average is $168.59 and its 200 day simple moving average is $167.15. The firm has a market capitalization of $74.11 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 5.73 and a beta of 0.73. Thomson Reuters Co. has a 52 week low of $132.87 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.

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

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio is presently 42.52%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Finally, Scotiabank increased their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $176.33.

About Thomson Reuters

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.