Thomson Reuters Co. (NYSE:TRI) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 67.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,162 shares of the business services provider's stock after selling 8,700 shares during the quarter. Private Advisor Group LLC's holdings in Thomson Reuters were worth $609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRI. Trust Co. of Vermont bought a new position in shares of Thomson Reuters during the third quarter valued at $27,000. Pacifica Partners Inc. lifted its holdings in shares of Thomson Reuters by 162.0% during the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider's stock valued at $34,000 after acquiring an additional 149 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of Thomson Reuters during the fourth quarter valued at $37,000. GPS Wealth Strategies Group LLC bought a new position in shares of Thomson Reuters during the fourth quarter valued at $38,000. Finally, Operose Advisors LLC bought a new position in shares of Thomson Reuters during the third quarter valued at $37,000. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Performance

TRI remained flat at $171.02 during midday trading on Friday. The company's stock had a trading volume of 277,357 shares, compared to its average volume of 395,809. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a 12-month low of $117.46 and a 12-month high of $171.76. The firm has a market cap of $77.18 billion, a PE ratio of 32.58, a P/E/G ratio of 4.58 and a beta of 0.65. The company's 50 day simple moving average is $157.52 and its 200-day simple moving average is $149.99.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its 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 15.47% and a net margin of 34.87%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the business earned $0.85 earnings per share. The company's revenue was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Thomson Reuters Co. will post 3.67 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is currently 41.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Thomson Reuters from $177.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. TD Securities raised their target price on Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, March 13th. National Bank Financial upgraded Thomson Reuters from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, April 23rd. Royal Bank of Canada raised their target price on Thomson Reuters from $153.00 to $156.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on Thomson Reuters from $152.00 to $163.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Eleven research 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 currently has a consensus rating of "Hold" and a consensus price target of $164.31.

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.