Quotient Wealth Partners LLC Decreases Stock Position in Thomson Reuters Co. (NYSE:TRI)

Quotient Wealth Partners LLC decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,366 shares of the business services provider’s stock after selling 79 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Thomson Reuters were worth $219,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $26,000. Asset Dedication LLC grew its holdings in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter valued at approximately $47,000. Exchange Traded Concepts LLC raised its holdings in shares of Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 167 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Thomson Reuters by 67.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Up 1.3 %

NYSE TRI opened at $179.02 on Tuesday. The firm’s fifty day moving average is $164.26 and its two-hundred day moving average is $165.50. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $179.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $80.56 billion, a PE ratio of 36.61, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Analysts expect that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a dividend of $0.595 per share. The ex-dividend date is Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.33%. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRI. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada upped their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday. Finally, StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $182.09.

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.