Thomson Reuters Co. (NYSE:TRI) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. trimmed its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 51.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,734 shares of the business services provider's stock after selling 2,841 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Thomson Reuters were worth $472,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC raised its stake in shares of Thomson Reuters by 52.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,207 shares of the business services provider's stock worth $381,000 after buying an additional 764 shares during the period. Principal Financial Group Inc. raised its stake in Thomson Reuters by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 20,647 shares of the business services provider's stock valued at $3,562,000 after purchasing an additional 500 shares during the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in Thomson Reuters in the 1st quarter valued at $205,000. Rossby Financial LCC purchased a new stake in Thomson Reuters in the 1st quarter valued at $180,000. Finally, Vista Investment Partners II LLC grew its holdings in Thomson Reuters by 1.2% in the 1st quarter. Vista Investment Partners II LLC now owns 16,654 shares of the business services provider's stock valued at $2,878,000 after buying an additional 196 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRI has been the subject of several analyst reports. Scotiabank restated a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. Barclays increased their price target on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price target on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Thomson Reuters has a consensus rating of "Hold" and an average target price of $187.30.

Thomson Reuters Stock Up 0.8%

TRI stock traded up $1.57 during midday trading on Thursday, reaching $201.58. 440,975 shares of the company were exchanged, compared to its average volume of 439,860. The company has a market cap of $90.82 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $202.33. The stock's 50-day simple moving average is $194.20 and its 200 day simple moving average is $178.74.

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

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is 49.69%.

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.