Global Financial Private Capital LLC trimmed its position in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,975 shares of the business services provider’s stock after selling 2,149 shares during the period. Global Financial Private Capital LLC’s holdings in Thomson Reuters were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TRI. Dimensional Fund Advisors LP raised its holdings in shares of Thomson Reuters by 20.3% during the first quarter. Dimensional Fund Advisors LP now owns 67,961 shares of the business services provider’s stock worth $2,627,000 after acquiring an additional 11,476 shares during the period. LPL Financial LLC raised its holdings in shares of Thomson Reuters by 32.0% during the first quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock worth $382,000 after acquiring an additional 2,400 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Thomson Reuters during the second quarter worth $797,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Thomson Reuters during the second quarter worth $2,880,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Thomson Reuters by 6,100.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock worth $100,000 after acquiring an additional 2,440 shares during the period. 33.08% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on TRI. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 target price on shares of Thomson Reuters in a research report on Wednesday, September 5th. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday. Finally, Credit Suisse Group began coverage on shares of Thomson Reuters in a research report on Friday. They issued a “neutral” rating and a $55.00 target price for the company. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $51.36.

Thomson Reuters stock traded down $0.50 during mid-day trading on Friday, reaching $50.49. The company’s stock had a trading volume of 1,032,425 shares, compared to its average volume of 740,529. Thomson Reuters Corp has a 12 month low of $36.52 and a 12 month high of $51.74. The company has a market cap of $25.75 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 8.51 and a beta of 0.55. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Thomson Reuters Corp will post 0.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, November 14th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio (DPR) is 55.80%.

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About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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