HighTower Advisors LLC Lowers Holdings in Thomson Reuters Co. (NYSE:TRI)

HighTower Advisors LLC lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,247 shares of the business services provider's stock after selling 9,588 shares during the quarter. HighTower Advisors LLC's holdings in Thomson Reuters were worth $1,923,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TRI. Blair William & Co. IL lifted its holdings in Thomson Reuters by 3.0% during the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider's stock valued at $385,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Thomson Reuters by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock valued at $1,252,000 after purchasing an additional 74 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider's stock valued at $277,000 after purchasing an additional 75 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider's stock valued at $3,508,000 after purchasing an additional 79 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Thomson Reuters by 3.2% during the second quarter. Ballentine Partners LLC now owns 2,933 shares of the business services provider's stock valued at $494,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

Shares of TRI stock traded down $0.94 during trading on Friday, hitting $168.10. The company had a trading volume of 193,076 shares, compared to its average volume of 294,104. Thomson Reuters Co. has a 52 week low of $138.83 and a 52 week high of $176.03. 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 stock's 50-day moving average is $166.14 and its two-hundred day moving average is $166.74. The stock has a market capitalization of $75.63 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 5.69 and a beta of 0.71.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.71 billion. During the same period last year, the business earned $0.82 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.28%. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRI. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price objective on the stock. Scotiabank increased their price target 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. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Finally, Royal Bank of Canada increased their price target 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $175.20.

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.