UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Thomson Reuters Co. (NYSE:TRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,147 shares of the business services provider's stock after selling 94,885 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Thomson Reuters worth $67,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRI. Janus Henderson Group PLC raised its stake in shares of Thomson Reuters by 23.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider's stock valued at $2,612,000 after purchasing an additional 3,223 shares during the period. &PARTNERS bought a new position in shares of Thomson Reuters in the second quarter valued at approximately $278,000. Aigen Investment Management LP grew its stake in Thomson Reuters by 87.4% during 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 in the last quarter. Meridian Wealth Management LLC bought a new stake in Thomson Reuters during the 3rd quarter worth approximately $4,506,000. Finally, Toronto Dominion Bank boosted its holdings in Thomson Reuters by 87.1% in the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after purchasing an additional 235,145 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRI. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Scotiabank increased their target price 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. Wells Fargo & Company initiated coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 price objective for the company. Finally, StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $175.20.

Thomson Reuters Price Performance

NYSE TRI traded up $0.39 during trading hours on Tuesday, reaching $164.84. The company's stock had a trading volume of 387,349 shares, compared to its average volume of 352,559. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $74.16 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 5.56 and a beta of 0.71. The firm's 50-day moving average price is $166.55 and its 200-day moving average price is $167.02. Thomson Reuters Co. has a 1 year low of $138.83 and a 1 year high of $176.03.

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

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a $0.54 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's dividend payout ratio is 42.52%.

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.