Icon Wealth Advisors LLC Boosts Stock Position in Thomson Reuters Co. (NYSE:TRI)

Icon Wealth Advisors LLC increased its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 547.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,943 shares of the business services provider's stock after acquiring an additional 6,716 shares during the quarter. Icon Wealth Advisors LLC's holdings in Thomson Reuters were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in Thomson Reuters by 23.8% in the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider's stock worth $2,612,000 after buying an additional 3,223 shares during the period. &PARTNERS purchased a new stake in shares of Thomson Reuters in the second quarter worth about $278,000. Aigen Investment Management LP boosted its position in shares of Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider's stock valued at $1,250,000 after acquiring an additional 3,417 shares during the period. Toronto Dominion Bank grew its stake in Thomson Reuters by 87.1% during the second 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 in the last quarter. Finally, EFG Asset Management Americas Corp. increased its holdings in Thomson Reuters by 65.4% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider's stock worth $2,781,000 after acquiring an additional 6,525 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Trading Down 0.4 %

Shares of Thomson Reuters stock traded down $0.64 during trading on Friday, reaching $161.20. The company's stock had a trading volume of 299,640 shares, compared to its average volume of 312,670. The company has a market cap of $72.53 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 5.47 and a beta of 0.73. The firm's 50-day moving average is $167.38 and its two-hundred day moving average is $167.25. Thomson Reuters Co. has a 52-week low of $138.09 and a 52-week high of $176.03. 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 (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the firm earned $0.82 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed 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 represents a $2.16 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio is 42.52%.

Analysts Set New Price Targets

TRI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target 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. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. StockNews.com downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. Finally, Scotiabank lifted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average 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.