Fiera Capital Corp Sells 5,500 Shares of Thomson Reuters Co. (NYSE:TRI)

Fiera Capital Corp lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,492,267 shares of the business services provider's stock after selling 5,500 shares during the period. Thomson Reuters makes up 1.6% of Fiera Capital Corp's investment portfolio, making the stock its 20th largest holding. Fiera Capital Corp owned about 0.55% of Thomson Reuters worth $430,512,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TRI. Cullen Frost Bankers Inc. boosted its stake in Thomson Reuters by 772.2% during the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after acquiring an additional 139 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in Thomson Reuters during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. boosted its stake in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after acquiring an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after acquiring an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Thomson Reuters by 42.8% during the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRI. Wells Fargo & Company boosted their price objective on shares of Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Royal Bank Of Canada upped their target price on shares of Thomson Reuters from $185.00 to $215.00 and gave the stock a "sector perform" rating in a research note on Monday. Bank of America started coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, CIBC upped their target price on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $193.00.

Thomson Reuters Stock Down 1.3%

TRI opened at $200.78 on Tuesday. 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 firm has a 50 day moving average price of $199.01 and a 200-day moving average price of $183.05. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $218.42. The stock has a market capitalization of $90.46 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 5.67 and a beta of 0.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company earned $1.11 earnings per share. The firm's quarterly revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.19%. Thomson Reuters's dividend payout ratio is currently 49.69%.

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.

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