Pathstone Holdings LLC Sells 7,557 Shares of Thomson Reuters Co. (NYSE:TRI)

Pathstone Holdings LLC lowered its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,678 shares of the business services provider's stock after selling 7,557 shares during the quarter. Pathstone Holdings LLC's holdings in Thomson Reuters were worth $5,234,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Thomson Reuters during the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock valued at $28,000 after buying an additional 80 shares during the period. Asset Dedication LLC boosted its stake in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after acquiring an additional 130 shares during the last quarter. Clean Yield Group acquired a new stake in Thomson Reuters during the 3rd quarter worth $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TRI. Royal Bank of Canada lifted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. Scotiabank upped their price target on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note 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 research note on Friday, August 2nd. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday. Finally, National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of "Hold" and an average price target of $176.33.

Thomson Reuters Stock Down 0.4 %

TRI traded down $0.64 during trading on Friday, hitting $161.20. The company had a trading volume of 299,640 shares, compared to its average volume of 312,670. The company has a market capitalization of $72.53 billion, a PE ratio of 31.73, a PEG ratio of 5.47 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a one year low of $138.09 and a one year high of $176.03. The firm's 50-day moving average price is $167.38 and its 200 day moving average price is $167.25.

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. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid 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 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 21st. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Thomson Reuters Company 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.