United Capital Financial Advisors LLC Has $16.82 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

United Capital Financial Advisors LLC trimmed its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,844 shares of the business services provider's stock after selling 28,233 shares during the period. United Capital Financial Advisors LLC's holdings in Thomson Reuters were worth $16,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Thomson Reuters by 33.4% during the 3rd quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider's stock valued at $2,757,000 after purchasing an additional 4,039 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Thomson Reuters in the third quarter valued at $2,538,000. Geode Capital Management LLC lifted its position in shares of Thomson Reuters by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider's stock valued at $130,341,000 after acquiring an additional 63,336 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after acquiring an additional 66 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Thomson Reuters in the 3rd quarter worth $6,649,000. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Performance

TRI traded down $0.84 on Monday, hitting $181.11. The company had a trading volume of 113,062 shares, compared to its average volume of 403,373. The stock has a market cap of $81.52 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company's fifty day moving average price is $173.62 and its 200 day moving average price is $168.12. Thomson Reuters Co. has a 1-year low of $149.80 and a 1-year high of $184.11.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a $0.595 dividend. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRI. The Goldman Sachs Group increased their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. Scotiabank raised their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. Bank of America assumed coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price for the company. Finally, CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Hold" and an average target price of $177.80.

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.