Aviso Financial Inc. Cuts Holdings in Thomson Reuters Co. $TRI

Key Points

• Aviso Financial Inc. reduced its stake in Thomson Reuters Co. by 6.0%, now holding 69,693 shares valued at approximately $12.03 million.
• Several institutional investors, including Cullen Frost Bankers Inc. and Fifth Third Bancorp, significantly increased their holdings in Thomson Reuters during the first quarter.
• Thomson Reuters reported better-than-expected earnings with $0.87 EPS and has declared a quarterly dividend of $0.595 per share, yielding 1.4%.

Aviso Financial Inc. cut its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,693 shares of the business services provider's stock after selling 4,470 shares during the quarter. Aviso Financial Inc.'s holdings in Thomson Reuters were worth $12,031,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in shares of Thomson Reuters by 14.5% during the 1st quarter. Northern Trust Corp now owns 231,880 shares of the business services provider's stock worth $40,064,000 after buying an additional 29,326 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of Thomson Reuters by 81.1% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 44,488 shares of the business services provider's stock valued at $7,682,000 after purchasing an additional 19,925 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Thomson Reuters by 2,723.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 8,978 shares of the business services provider's stock valued at $1,551,000 after purchasing an additional 8,660 shares in the last quarter. Prudential PLC boosted its holdings in Thomson Reuters by 40.1% in the first quarter. Prudential PLC now owns 7,065 shares of the business services provider's stock worth $1,219,000 after acquiring an additional 2,022 shares in the last quarter. Finally, Nuveen LLC bought a new position in Thomson Reuters in the first quarter worth approximately $23,126,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Up 1.4%

NYSE TRI traded up $2.46 during mid-day trading on Friday, reaching $178.55. The stock had a trading volume of 1,207,866 shares, compared to its average volume of 890,023. The stock has a market cap of $80.46 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a fifty day moving average price of $194.72 and a 200 day moving average price of $185.34. Thomson Reuters Co. has a 1 year low of $151.60 and a 1 year high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.Thomson Reuters's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. On average, research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.3%. Thomson Reuters's dividend payout ratio (DPR) is presently 65.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRI. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Royal Bank Of Canada cut their price target on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. Wells Fargo & Company dropped their price objective on Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. CIBC raised Thomson Reuters from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Finally, Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $194.20.

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.