Thomson Reuters Co. (NYSE:TRI) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC reduced its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 21.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 104,844 shares of the business services provider's stock after selling 28,233 shares during the quarter. United Capital Financial Advisors LLC's holdings in Thomson Reuters were worth $16,815,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Bridgewater Associates LP lifted its stake in Thomson Reuters by 10.5% during the 4th quarter. Bridgewater Associates LP now owns 75,641 shares of the business services provider's stock worth $12,139,000 after acquiring an additional 7,182 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Thomson Reuters by 69.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 16,245 shares of the business services provider's stock valued at $2,605,000 after purchasing an additional 6,656 shares during the period. Value Partners Investments Inc. grew its holdings in shares of Thomson Reuters by 3.5% in the fourth quarter. Value Partners Investments Inc. now owns 3,762 shares of the business services provider's stock valued at $603,000 after purchasing an additional 126 shares in the last quarter. Mariner LLC lifted its holdings in Thomson Reuters by 1.2% during the 4th quarter. Mariner LLC now owns 40,406 shares of the business services provider's stock worth $6,481,000 after buying an additional 480 shares in the last quarter. Finally, Barclays PLC boosted its position in Thomson Reuters by 49.9% in the 4th quarter. Barclays PLC now owns 53,233 shares of the business services provider's stock valued at $8,536,000 after buying an additional 17,717 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

TRI traded up $1.70 on Friday, hitting $181.95. 877,124 shares of the company traded hands, compared to its average volume of 404,488. The company has a 50 day moving average of $173.62 and a 200-day moving average of $168.15. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $184.11. The stock has a market capitalization of $81.90 billion, a PE ratio of 37.21, a PEG ratio of 5.67 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a dividend of $0.595 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters's dividend payout ratio is currently 48.67%.

Analyst Upgrades and Downgrades

TRI has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. CIBC raised their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Bank of America initiated coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters presently has an average rating of "Hold" and an average price target of $177.80.

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.