Thomson Reuters Co. (NYSE:TRI) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 83.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,843 shares of the business services provider's stock after selling 71,078 shares during the quarter. Natixis Advisors LLC's holdings in Thomson Reuters were worth $2,362,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cibc World Market Inc. increased its position in Thomson Reuters by 26.3% during the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock worth $223,525,000 after purchasing an additional 276,206 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Thomson Reuters in the second quarter worth $45,514,000. Toronto Dominion Bank raised its stake in shares of 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 during the period. International Assets Investment Management LLC acquired a new position in shares of Thomson Reuters during the 3rd quarter valued at $29,250,000. Finally, Millennium Management LLC boosted its position in 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 purchasing an additional 156,410 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TRI. Royal Bank of Canada raised their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 6th. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Scotiabank lifted their price objective 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. Finally, National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. 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 company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $176.33.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded down $0.48 during trading on Monday, reaching $160.72. The stock had a trading volume of 529,518 shares, compared to its average volume of 353,065. 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 market cap of $72.31 billion, a PE ratio of 31.73, a P/E/G ratio of 5.45 and a beta of 0.73. Thomson Reuters Co. has a one year low of $138.30 and a one year high of $176.03. The firm's 50 day moving average price is $167.38 and its two-hundred day moving average price is $167.25.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders 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 1.34%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's dividend payout ratio is presently 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.