Dynamic Advisor Solutions LLC Purchases Shares of 34,774 Thomson Reuters Co. (NYSE:TRI)

Dynamic Advisor Solutions LLC acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,774 shares of the business services provider's stock, valued at approximately $6,008,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Curio Wealth LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters in the 4th quarter valued at about $27,000. Investment Management Corp VA ADV acquired a new position in shares of Thomson Reuters in the 4th quarter valued at about $29,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters in the fourth quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Shares of NYSE TRI traded up $1.03 during midday trading on Monday, hitting $196.23. The stock had a trading volume of 448,153 shares, compared to its average volume of 550,077. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $186.98 and a 200-day simple moving average of $174.96. The company has a market capitalization of $88.40 billion, a PE ratio of 40.13, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $199.11.

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

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TRI shares. Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a report on Monday. Bank of America assumed coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Scotiabank reissued a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research note on Friday, May 2nd. Finally, Barclays raised their target price on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $187.30.

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.