Thomson Reuters Co. (NYSE:TRI) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 44.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,096 shares of the business services provider's stock after purchasing an additional 12,424 shares during the period. LPL Financial LLC's holdings in Thomson Reuters were worth $6,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its stake in shares of Thomson Reuters by 772.2% during the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after buying an additional 139 shares during the period. Investment Management Corp VA ADV purchased a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. lifted its stake in shares of Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after buying an additional 69 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 valued at $71,000 after buying an additional 84 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Thomson Reuters by 42.8% during the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $188.00 to $200.00 in a research note on Wednesday, August 6th. Wells Fargo & Company cut their price target on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $194.20.

Thomson Reuters Trading Down 0.3%

Shares of Thomson Reuters stock traded down $0.58 during trading hours on Wednesday, hitting $169.73. The company's stock had a trading volume of 1,569,049 shares, compared to its average volume of 877,294. Thomson Reuters Co. has a 1-year low of $151.60 and a 1-year high of $218.42. The business has a fifty day moving average of $197.80 and a 200 day moving average of $185.21. The company has a market capitalization of $76.49 billion, a PE ratio of 34.71, a P/E/G ratio of 5.67 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is presently 65.75%.

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.