Prime Capital Investment Advisors LLC Decreases Stock Position in Thomson Reuters Co. (NYSE:TRI)

Prime Capital Investment Advisors LLC cut its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 33.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,865 shares of the business services provider's stock after selling 4,863 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Thomson Reuters were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Thomson Reuters Stock Performance

NYSE TRI traded down $3.98 during trading hours on Thursday, hitting $164.41. 197,444 shares of the company's stock traded hands, compared to its average volume of 353,163. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 52 week low of $132.87 and a 52 week high of $176.03. The firm has a market capitalization of $73.96 billion, a P/E ratio of 33.15, a P/E/G ratio of 5.73 and a beta of 0.73. The business's fifty day moving average price is $168.59 and its two-hundred day moving average price is $167.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released 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 return on equity of 14.85% and a net margin of 32.12%. The business 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 company posted $0.82 earnings per share. Thomson Reuters's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.31%. 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 (DPR) is presently 42.52%.

Analyst Ratings Changes

A number of brokerages recently commented on TRI. Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised 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. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" 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 research note on Monday, September 9th. Finally, StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $176.33.

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.