Achmea Investment Management B.V. Sells 18,778 Shares of Thomson Reuters Co. (NYSE:TRI)

Achmea Investment Management B.V. reduced its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 85.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,084 shares of the business services provider's stock after selling 18,778 shares during the period. Achmea Investment Management B.V.'s holdings in Thomson Reuters were worth $533,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters during the fourth quarter worth $27,000. Raymond James Financial Inc. bought a new stake in shares of Thomson Reuters during the fourth quarter worth about $11,285,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Thomson Reuters by 7.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock worth $1,948,000 after acquiring an additional 776 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Thomson Reuters by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock valued at $5,683,000 after acquiring an additional 313 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Thomson Reuters by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider's stock valued at $469,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRI. Scotiabank reissued a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. Royal Bank Of Canada upped their price target on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Bank of America assumed coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective on the stock. Finally, Wells Fargo & Company increased 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $187.30.

Thomson Reuters Stock Performance

Shares of NYSE:TRI traded up $1.71 during mid-day trading on Thursday, reaching $200.39. The company had a trading volume of 401,842 shares, compared to its average volume of 439,564. The company's 50-day moving average price is $192.48 and its 200-day moving average price is $177.50. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $202.18. The firm has a market cap of $90.29 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 5.67 and a beta of 0.77. 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 released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion for 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 period in the prior year, the firm earned $1.11 earnings per share. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.19%. Thomson Reuters's dividend payout ratio is currently 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.