Thomson Reuters Co. (NYSE:TRI) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 85.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,084 shares of the business services provider's stock after selling 18,778 shares during the quarter. Achmea Investment Management B.V.'s holdings in Thomson Reuters were worth $533,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TRI. Curio Wealth LLC purchased a new position in Thomson Reuters during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters during the 4th quarter worth approximately $27,000. Investment Management Corp VA ADV purchased a new position in Thomson Reuters during the 4th quarter worth approximately $29,000. Noble Wealth Management PBC purchased a new position in Thomson Reuters during the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its position in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of recent research reports. Barclays raised their price target 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. Wells Fargo & Company lifted their target price on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Bank of America started coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. Royal Bank Of Canada lifted their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Thomson Reuters has a consensus rating of "Hold" and an average target price of $187.30.

Thomson Reuters Trading Down 1.5%

TRI traded down $2.99 on Wednesday, hitting $198.68. The company had a trading volume of 668,113 shares, compared to its average volume of 439,712. The firm has a market cap of $89.52 billion, a P/E ratio of 40.63, a PEG 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 $202.18. The company's fifty day moving average price is $192.48 and its 200 day moving average price is $177.50. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. As a group, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.595 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.20%. Thomson Reuters's dividend payout ratio (DPR) 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.