Axxcess Wealth Management LLC Reduces Stock Position in Thomson Reuters Co. (NYSE:TRI)

Axxcess Wealth Management LLC lessened its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 57.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,259 shares of the business services provider's stock after selling 1,669 shares during the quarter. Axxcess Wealth Management LLC's holdings in Thomson Reuters were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TRI. Mackenzie Financial Corp increased its position in shares of Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after acquiring an additional 4,977,006 shares during the period. Norges Bank purchased a new position in shares of Thomson Reuters in the fourth quarter valued at about $148,221,000. Geode Capital Management LLC increased its position in shares of Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after acquiring an additional 560,450 shares during the period. TD Asset Management Inc. increased its position in shares of Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after acquiring an additional 516,605 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Thomson Reuters by 16,802.9% during the 1st quarter. GAMMA Investing LLC now owns 116,799 shares of the business services provider's stock valued at $20,181,000 after purchasing an additional 116,108 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.6%

Shares of NYSE:TRI traded up $1.18 during trading on Friday, reaching $210.45. 537,785 shares of the stock traded hands, compared to its average volume of 480,864. The stock has a 50-day moving average of $196.77 and a two-hundred day moving average of $180.60. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $218.42. 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 stock has a market cap of $94.82 billion, a P/E ratio of 43.00, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRI shares. Bank of America started coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Barclays boosted their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. TD Securities reiterated a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and a consensus target price of $187.30.

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.