Forsta AP Fonden Grows Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Forsta AP Fonden grew its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 11.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,888 shares of the business services provider's stock after acquiring an additional 7,600 shares during the period. Forsta AP Fonden's holdings in Thomson Reuters were worth $12,276,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Blair William & Co. IL raised its position in Thomson Reuters by 3.0% during the 2nd 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock worth $1,252,000 after acquiring an additional 74 shares during the period. Sivia Capital Partners LLC grew its holdings in Thomson Reuters by 4.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider's stock worth $277,000 after acquiring an additional 75 shares in the last quarter. Avitas Wealth Management LLC increased its position in Thomson Reuters by 0.4% during 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 purchasing an additional 79 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TRI. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Royal Bank of Canada upped their price objective on Thomson Reuters from $168.00 to $171.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Finally, Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $173.73.

Thomson Reuters Stock Up 1.0 %

Shares of TRI traded up $1.66 during mid-day trading on Monday, hitting $166.44. 211,062 shares of the company traded hands, compared to its average volume of 354,788. The company has a market capitalization of $74.83 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 5.54 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $168.83 and a 200 day moving average of $166.00. Thomson Reuters Co. has a 1-year low of $118.54 and a 1-year high of $176.03.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. Thomson Reuters's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Equities research analysts anticipate that Thomson Reuters Co. will post 3.71 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.146 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.58 annualized dividend and a yield of 0.35%. Thomson Reuters's payout ratio is presently 41.14%.

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.