Prime Capital Investment Advisors LLC Sells 4,863 Shares of Thomson Reuters Co. (NYSE:TRI)

Prime Capital Investment Advisors LLC trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 33.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,865 shares of the business services provider’s stock after selling 4,863 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Thomson Reuters were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Thomson Reuters by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock worth $894,442,000 after buying an additional 41,680 shares during the last quarter. TD Asset Management Inc grew its stake in Thomson Reuters by 0.7% during the second quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider’s stock worth $686,640,000 after buying an additional 26,483 shares during the last quarter. Fiera Capital Corp grew its stake in Thomson Reuters by 1.0% during the third quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock worth $458,559,000 after buying an additional 27,714 shares during the last quarter. Clearbridge Investments LLC grew its stake in Thomson Reuters by 9.4% during the second quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock worth $245,893,000 after buying an additional 125,167 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Thomson Reuters by 26.3% during the second quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock valued at $223,525,000 after purchasing an additional 276,206 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Trading Down 0.7 %

Shares of NYSE TRI opened at $168.39 on Thursday. The company’s 50 day simple moving average is $168.62 and its 200 day simple moving average is $167.14. Thomson Reuters Co. has a fifty-two week low of $132.87 and a fifty-two week high of $176.03. The firm has a market capitalization of $75.75 billion, a P/E ratio of 33.15, a P/E/G ratio of 5.73 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company 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%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. On average, analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.28%. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research analyst reports. Scotiabank increased their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Thomson Reuters currently has a consensus 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.