National Bank of Canada FI Sells 30,070 Shares of Thomson Reuters Co. (NYSE:TRI)

National Bank of Canada FI cut its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 474,824 shares of the business services provider's stock after selling 30,070 shares during the period. National Bank of Canada FI owned 0.10% of Thomson Reuters worth $68,245,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in Thomson Reuters by 25.7% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider's stock worth $56,000 after buying an additional 78 shares during the period. Legacy Wealth Asset Management LLC increased its position in Thomson Reuters by 0.7% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider's stock worth $1,855,000 after purchasing an additional 82 shares during the last quarter. Advisor OS LLC raised its stake in Thomson Reuters by 5.2% during the third quarter. Advisor OS LLC now owns 1,730 shares of the business services provider's stock worth $212,000 after purchasing an additional 86 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Thomson Reuters by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider's stock valued at $897,000 after purchasing an additional 93 shares during the last quarter. Finally, Financial Advocates Investment Management grew its stake in shares of Thomson Reuters by 3.7% during the 3rd quarter. Financial Advocates Investment Management now owns 2,771 shares of the business services provider's stock valued at $340,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on TRI. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $152.00 to $163.00 and gave the stock a "neutral" rating in a research note on Friday. National Bank Financial upgraded shares of Thomson Reuters from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a "hold" rating in a research note on Friday. Scotiabank upped their price target on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a "sector perform" rating in a research report on Friday. Finally, Royal Bank of Canada raised their price objective on Thomson Reuters from $153.00 to $156.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 30th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and an average target price of $164.31.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded up $1.78 on Friday, reaching $164.74. 619,405 shares of the company were exchanged, compared to its average volume of 362,043. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $166.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. The company's 50-day moving average is $155.38 and its two-hundred day moving average is $146.67. The firm has a market cap of $74.35 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 4.29 and a beta of 0.65.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.17. Thomson Reuters had a return on equity of 15.43% and a net margin of 34.87%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm's quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters's payout ratio is 41.33%.

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.