UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 19.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 393,147 shares of the business services provider’s stock after selling 94,885 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Thomson Reuters were worth $67,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TRI. Blair William & Co. IL grew its position in Thomson Reuters by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Thomson Reuters by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after acquiring an additional 74 shares during the period. Sivia Capital Partners LLC raised its stake in Thomson Reuters by 4.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares during the last quarter. Avitas Wealth Management LLC lifted its position in Thomson Reuters by 0.4% during the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock worth $3,508,000 after acquiring an additional 79 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective for the company. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Monday. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $175.20.

Thomson Reuters Stock Performance

Shares of TRI opened at $164.60 on Tuesday. Thomson Reuters Co. has a 12-month low of $138.83 and a 12-month high of $176.03. The stock has a market cap of $74.06 billion, a P/E ratio of 32.40, a PEG ratio of 5.50 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $166.55 and a two-hundred day moving average of $167.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, research analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

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.