First Trust Advisors LP Sells 9,376 Shares of Thomson Reuters Co. (NYSE:TRI)

First Trust Advisors LP lessened its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,608 shares of the business services provider's stock after selling 9,376 shares during the period. First Trust Advisors LP owned approximately 0.06% of Thomson Reuters worth $46,613,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new position in Thomson Reuters in the 4th quarter valued at about $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters in the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after purchasing an additional 136 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TRI. Scotiabank increased their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research note on Friday, February 7th. Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus price target of $177.80.

Thomson Reuters Trading Up 0.6 %

TRI stock traded up $1.03 during trading on Tuesday, hitting $183.44. The company had a trading volume of 75,145 shares, compared to its average volume of 412,130. The firm has a 50-day moving average price of $174.45 and a 200-day moving average price of $168.75. The stock has a market cap of $82.63 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 12 month low of $149.85 and a 12 month high of $184.11. 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 quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.30%. Thomson Reuters's payout ratio is presently 48.67%.

Thomson Reuters Company 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.