Cerity Partners LLC Acquires 15,230 Shares of Thomson Reuters Co. (NYSE:TRI)

Cerity Partners LLC boosted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 56.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,146 shares of the business services provider's stock after purchasing an additional 15,230 shares during the period. Cerity Partners LLC's holdings in Thomson Reuters were worth $7,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TRI. Curio Wealth LLC acquired a new position in Thomson Reuters during the 4th quarter worth about $26,000. Investment Management Corp VA ADV acquired a new position in Thomson Reuters during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its holdings 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 period. MassMutual Private Wealth & Trust FSB grew its holdings in Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after acquiring an additional 84 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Thomson Reuters by 42.8% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRI. Bank of America began coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Royal Bank Of Canada boosted their target price on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Barclays lifted their price target on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wells Fargo & Company upped their price objective on shares of Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Stock Performance

NYSE:TRI traded up $1.53 on Friday, reaching $210.80. 123,471 shares of the company's stock were exchanged, compared to its average volume of 479,227. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $94.98 billion, a price-to-earnings ratio of 43.15, a P/E/G ratio of 5.67 and a beta of 0.76. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $218.42. The stock has a fifty day simple moving average of $196.77 and a 200-day simple moving average of $180.60.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $1.11 EPS. The company's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's 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.