Orion Portfolio Solutions LLC Trims Stock Position in Thomson Reuters Co. (NYSE:TRI)

Orion Portfolio Solutions LLC decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,201 shares of the business services provider’s stock after selling 869 shares during the period. Orion Portfolio Solutions LLC’s holdings in Thomson Reuters were worth $5,152,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TRI. Rothschild Investment LLC acquired a new position in Thomson Reuters in the second quarter valued at approximately $25,000. Asset Dedication LLC raised its position in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the period. Clean Yield Group acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth $47,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE:TRI opened at $170.56 on Monday. Thomson Reuters Co. has a 52 week low of $138.83 and a 52 week high of $176.03. The company has a fifty day simple moving average of $166.15 and a two-hundred day simple moving average of $166.87. 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 cap of $76.74 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 5.77 and a beta of 0.71.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results 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 during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted $0.82 earnings per share. Thomson Reuters’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 1.27%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Analyst Ratings Changes

A number of research firms have commented on TRI. Wells Fargo & Company began coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 target price on the stock. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, Scotiabank upped their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. 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 MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and an average target price of $175.20.

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.