Wealth Enhancement Advisory Services LLC Has $3.98 Million Stake in Thomson Reuters Co. $TRI

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its stake in Thomson Reuters by 18.0%, holding 19,770 shares valued at approximately $3.98 million by the end of the second quarter.
• Thomson Reuters reported $0.87 EPS for the last quarter, exceeding analyst expectations, with a revenue increase of 2.6% year-over-year.
• The company recently announced a quarterly dividend of $0.595, translating to a 1.5% dividend yield and a payout ratio of 65.75%.

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,770 shares of the business services provider's stock after selling 4,329 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Thomson Reuters were worth $3,975,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. TD Asset Management Inc grew its position in shares of Thomson Reuters by 15.7% during the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock worth $951,477,000 after buying an additional 750,063 shares during the period. Vanguard Group Inc. grew its holdings in Thomson Reuters by 1.8% during the first quarter. Vanguard Group Inc. now owns 5,476,600 shares of the business services provider's stock valued at $945,069,000 after purchasing an additional 94,758 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Thomson Reuters by 1.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,537,660 shares of the business services provider's stock valued at $437,985,000 after purchasing an additional 44,898 shares during the period. 1832 Asset Management L.P. grew its holdings in Thomson Reuters by 1.0% during the first quarter. 1832 Asset Management L.P. now owns 1,665,117 shares of the business services provider's stock valued at $287,699,000 after purchasing an additional 17,223 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Thomson Reuters by 36.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider's stock valued at $274,462,000 after purchasing an additional 421,279 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $157.95 on Friday. The company's fifty day simple moving average is $180.31 and its 200-day simple moving average is $184.60. 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 firm has a market cap of $70.92 billion, a PE ratio of 32.30, a P/E/G ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 12 month low of $151.60 and a 12 month high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion for 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%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters's payout ratio is currently 65.75%.

Analyst Ratings Changes

TRI has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $187.00 to $212.00 in a report on Tuesday, September 9th. TD Securities upgraded shares of Thomson Reuters from a "hold" rating to a "buy" rating and boosted their price objective for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Scotiabank upgraded shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $188.00 to $200.00 in a report on Wednesday, August 6th. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada 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 note on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $202.82.

About Thomson Reuters

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.

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