Corient Private Wealth LLC Decreases Holdings in Thomson Reuters Co. (NYSE:TRI)

Corient Private Wealth LLC decreased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,690 shares of the business services provider’s stock after selling 693 shares during the period. Corient Private Wealth LLC’s holdings in Thomson Reuters were worth $3,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Investment Advisors MI lifted its position in Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after acquiring an additional 62 shares during the last quarter. NewSquare Capital LLC increased its stake in Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 62 shares in the last quarter. Pacer Advisors Inc. increased its stake in Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 64 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in Thomson Reuters by 5.7% during the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRI. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Scotiabank increased their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Finally, CIBC increased their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $177.56.

Thomson Reuters Stock Down 0.0 %

TRI stock opened at $170.01 on Friday. The firm has a market cap of $76.52 billion, a PE ratio of 34.77, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm’s fifty day moving average is $170.78 and its 200 day moving average is $167.83. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 EPS 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 given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

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.