Tobam Has $274,000 Position in Thomson Reuters Co. (NYSE:TRI)

Tobam decreased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 81.7% in the first quarter, according to the company in its most recent 13F filing 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 period. Tobam's holdings in Thomson Reuters were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRI. Brighton Jones LLC acquired a new position in Thomson Reuters during the 4th quarter worth $448,000. Kestra Private Wealth Services LLC lifted its position in Thomson Reuters by 83.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,317 shares of the business services provider's stock worth $1,013,000 after acquiring an additional 2,882 shares during the last quarter. Savant Capital LLC lifted its position in Thomson Reuters by 7.9% during the 4th quarter. Savant Capital LLC now owns 2,733 shares of the business services provider's stock worth $438,000 after acquiring an additional 199 shares during the last quarter. Marks Group Wealth Management Inc lifted its position in Thomson Reuters by 10.2% during the 4th quarter. Marks Group Wealth Management Inc now owns 4,579 shares of the business services provider's stock worth $734,000 after acquiring an additional 422 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Thomson Reuters by 8.5% during the 4th quarter. Sanctuary Advisors LLC now owns 4,913 shares of the business services provider's stock worth $834,000 after acquiring an additional 383 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Trading Down 1.0%

TRI stock traded down $1.90 during midday trading on Friday, reaching $195.20. The company's stock had a trading volume of 737,911 shares, compared to its average volume of 440,047. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $199.11. The stock has a market cap of $87.93 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $186.98 and its 200-day simple moving average is $174.87.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data 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 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 period last year, the firm earned $1.11 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.22%. Thomson Reuters's payout ratio is currently 49.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRI. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. TD Securities upped their price objective on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Barclays upped their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Scotiabank reissued a "sector perform" rating and issued a $188.00 price target 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 issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $183.70.

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.