Sivia Capital Partners LLC Has $277,000 Position in Thomson Reuters Co. (NYSE:TRI)

Sivia Capital Partners LLC raised its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,646 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. Sivia Capital Partners LLC’s holdings in Thomson Reuters were worth $277,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quotient Wealth Partners LLC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at about $957,000. Janus Henderson Group PLC increased its holdings in shares of Thomson Reuters by 23.8% during the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after purchasing an additional 3,223 shares during the period. FIL Ltd increased its holdings in shares of Thomson Reuters by 9.8% during the fourth quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after purchasing an additional 445,444 shares during the period. CIBC Asset Management Inc raised its position in shares of Thomson Reuters by 11.4% in the fourth quarter. CIBC Asset Management Inc now owns 581,703 shares of the business services provider’s stock valued at $85,320,000 after buying an additional 59,388 shares in the last quarter. Finally, Gillson Capital LP acquired a new stake in Thomson Reuters during the fourth quarter worth approximately $15,063,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 1.0 %

TRI stock opened at $166.32 on Friday. The stock has a market capitalization of $74.80 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 6.04 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $164.81 and a 200-day moving average price of $162.66. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.72 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.146 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a yield of 0.35%. Thomson Reuters’s dividend payout ratio is currently 41.14%.

Analyst Ratings Changes

Several brokerages have weighed in on TRI. Royal Bank of Canada dropped their price objective on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $164.00 to $182.00 in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Nine 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 currently has an average rating of “Hold” and a consensus price target of $173.45.

Thomson Reuters Company 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.