Tobam Sells 7,094 Shares of Thomson Reuters Co. (NYSE:TRI)

Tobam cut its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 81.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,585 shares of the business services provider's stock after selling 7,094 shares during the quarter. Tobam's holdings in Thomson Reuters were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Curio Wealth LLC purchased a new position in shares of Thomson Reuters during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter worth approximately $27,000. Investment Management Corp VA ADV purchased a new position in shares of Thomson Reuters during the fourth quarter worth approximately $29,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the fourth quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TRI. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Bank of America began coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. Scotiabank reissued a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $187.30.

Thomson Reuters Trading Up 0.5%

Thomson Reuters stock traded up $1.03 during mid-day trading on Monday, reaching $196.23. 448,153 shares of the company traded hands, compared to its average volume of 440,080. 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's 50 day moving average price is $187.67 and its 200 day moving average price is $175.20. The firm has a market capitalization of $88.40 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $199.11.

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

Thomson Reuters Dividend Announcement

The company 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 1.21%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's payout ratio is 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.