GSA Capital Partners LLP Trims Position in Thomson Reuters Co. (NYSE:TRI)

GSA Capital Partners LLP lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 66.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,334 shares of the business services provider's stock after selling 18,547 shares during the period. GSA Capital Partners LLP's holdings in Thomson Reuters were worth $1,592,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $47,000. Axxcess Wealth Management LLC grew its stake in Thomson Reuters by 4.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 3,068 shares of the business services provider's stock valued at $523,000 after buying an additional 136 shares in the last quarter. Assetmark Inc. grew its stake in Thomson Reuters by 1.2% in the 3rd quarter. Assetmark Inc. now owns 74,768 shares of the business services provider's stock valued at $12,755,000 after buying an additional 904 shares in the last quarter. Fiera Capital Corp grew its stake in Thomson Reuters by 1.0% in the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock valued at $458,559,000 after buying an additional 27,714 shares in the last quarter. Finally, Graypoint LLC grew its stake in Thomson Reuters by 0.6% in the 3rd quarter. Graypoint LLC now owns 21,289 shares of the business services provider's stock valued at $3,632,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analysts Set New Price Targets

TRI has been the subject of a number of recent research reports. StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Scotiabank lifted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $176.33.

Thomson Reuters Trading Down 0.7 %

Shares of NYSE TRI traded down $1.11 during midday trading on Wednesday, hitting $168.39. 203,032 shares of the company traded hands, compared to its average volume of 353,343. Thomson Reuters Co. has a 12-month low of $132.87 and a 12-month 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 stock has a 50-day moving average price of $168.62 and a 200 day moving average price of $167.14. The firm has a market cap of $75.75 billion, a P/E ratio of 33.37, a P/E/G ratio of 5.73 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) 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 company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. Thomson Reuters's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts expect that Thomson Reuters Co. will post 3.69 earnings per share 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 issued a dividend of $0.54 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's dividend payout ratio is currently 42.52%.

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.