Thomson Reuters Co. (NYSE:TRI) Shares Sold by Prana Capital Management LP

Prana Capital Management LP cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 17.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,724 shares of the business services provider's stock after selling 19,486 shares during the period. Prana Capital Management LP's holdings in Thomson Reuters were worth $14,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TRI. Quantinno Capital Management LP increased its position in shares of Thomson Reuters by 7.0% in the fourth quarter. Quantinno Capital Management LP now owns 18,483 shares of the business services provider's stock valued at $2,966,000 after buying an additional 1,212 shares in the last quarter. Man Group plc grew its stake in Thomson Reuters by 17.5% in the 4th quarter. Man Group plc now owns 199,664 shares of the business services provider's stock valued at $32,037,000 after acquiring an additional 29,773 shares during the period. Nuveen Asset Management LLC increased its holdings in Thomson Reuters by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 208,893 shares of the business services provider's stock worth $33,526,000 after acquiring an additional 676 shares in the last quarter. Numerai GP LLC acquired a new position in Thomson Reuters during the fourth quarter worth $639,000. Finally, Millennium Management LLC lifted its holdings in Thomson Reuters by 32.4% during the fourth quarter. Millennium Management LLC now owns 192,038 shares of the business services provider's stock valued at $30,814,000 after purchasing an additional 46,940 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Up 0.7%

NYSE:TRI traded up $1.41 on Tuesday, reaching $195.39. The company's stock had a trading volume of 374,304 shares, compared to its average volume of 540,591. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $196.27. The stock has a 50 day moving average price of $177.72 and a 200 day moving average price of $170.86. The firm has a market cap of $88.01 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted 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. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is 49.69%.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research reports. Scotiabank reaffirmed a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average 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.