Thomson Reuters Co. (NYSE:TRI) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 27.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,271 shares of the business services provider's stock after selling 6,468 shares during the quarter. Quantinno Capital Management LP's holdings in Thomson Reuters were worth $2,949,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its stake in shares of Thomson Reuters by 12.0% during the 1st quarter. Cetera Advisors LLC now owns 3,172 shares of the business services provider's stock worth $494,000 after buying an additional 341 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth $266,000. SG Americas Securities LLC acquired a new position in shares of Thomson Reuters during the 2nd quarter worth $221,000. Sequoia Financial Advisors LLC increased its holdings in shares of Thomson Reuters by 3.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,750 shares of the business services provider's stock valued at $464,000 after purchasing an additional 94 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Thomson Reuters by 1.0% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Trading Up 0.5 %

Shares of Thomson Reuters stock traded up $0.91 during mid-day trading on Tuesday, hitting $169.97. 151,252 shares of the stock were exchanged, compared to its average volume of 351,057. The stock has a market capitalization of $76.47 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 5.77 and a beta of 0.71. Thomson Reuters Co. has a twelve month low of $138.83 and a twelve month high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $166.12 and a 200 day simple moving average of $166.84.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. Research analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.27%. Thomson Reuters's dividend payout ratio is 42.52%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Monday, December 2nd. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Wells Fargo & Company began coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price objective for the company. Scotiabank boosted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price target 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. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus target price 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.