Thomson Reuters Co. (NYSE:TRI) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden significantly reduced its holdings in Thomson Reuters by 55.9%, now owning 32,788 shares worth approximately $5.65 million after selling 41,600 shares in the 1st quarter.
• Analysts set new price targets for Thomson Reuters, with estimates ranging from $174.00 to $210.00, and the stock currently holds a consensus rating of "Hold".
• Thomson Reuters reported $0.87 EPS in its latest quarter, which surpasses the consensus estimate of $0.83, along with a year-over-year revenue growth of 2.6%.

Forsta AP Fonden decreased its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 55.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,788 shares of the business services provider's stock after selling 41,600 shares during the quarter. Forsta AP Fonden's holdings in Thomson Reuters were worth $5,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings 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 worth $27,000 after acquiring an additional 139 shares during the period. Investment Management Corp VA ADV acquired a new position in shares of Thomson Reuters during the fourth quarter worth $29,000. SBI Securities Co. Ltd. increased its holdings 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 worth $41,000 after buying an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Thomson Reuters by 25.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after purchasing an additional 84 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Thomson Reuters by 42.8% in the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Price Performance

Shares of NYSE TRI traded down $0.58 during midday trading on Wednesday, reaching $169.73. The stock had a trading volume of 1,569,049 shares, compared to its average volume of 877,294. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50-day moving average of $197.80 and a 200-day moving average of $185.21. Thomson Reuters Co. has a 12-month low of $151.60 and a 12-month high of $218.42. The company has a market capitalization of $76.49 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77.

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 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The business 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%. Thomson Reuters's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. As a group, research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

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

Wall Street Analyst Weigh In

TRI has been the topic of a number of research analyst reports. TD Securities cut their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 7th. National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their price target 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. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price objective on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday, August 7th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $194.20.

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.