Envestnet Portfolio Solutions Inc. Reduces Position in Thomson Reuters Co. (NYSE:TRI)

Envestnet Portfolio Solutions Inc. decreased its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 42.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,250 shares of the business services provider's stock after selling 2,363 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Thomson Reuters were worth $561,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC grew its stake in shares of Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after buying an additional 62 shares during the period. Rhumbline Advisers grew its stake in shares of Thomson Reuters by 1.5% in the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock valued at $770,000 after buying an additional 68 shares during the period. Cookson Peirce & Co. Inc. grew its stake in shares of Thomson Reuters by 2.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider's stock valued at $611,000 after buying an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Thomson Reuters by 25.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after buying an additional 84 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Thomson Reuters by 2.1% in the 4th quarter. Atria Investments Inc now owns 4,577 shares of the business services provider's stock valued at $734,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Up 0.8%

Thomson Reuters stock opened at $197.20 on Friday. 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 has a market cap of $88.83 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth 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. The firm's 50 day moving average price is $191.02 and its two-hundred day moving average price is $176.65.

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

Thomson Reuters Announces Dividend

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

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Royal Bank Of Canada increased their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, Barclays increased their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $187.30.

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.

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