Thomson Reuters Co. (NYSE:TRI) Shares Sold by Capital Investment Counsel LLC

Capital Investment Counsel LLC lowered its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,922 shares of the business services provider’s stock after selling 567 shares during the period. Thomson Reuters comprises 1.8% of Capital Investment Counsel LLC’s holdings, making the stock its 12th biggest holding. Capital Investment Counsel LLC’s holdings in Thomson Reuters were worth $10,564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in shares of Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after buying an additional 3,223 shares in the last quarter. &PARTNERS acquired a new stake in shares of Thomson Reuters during the second quarter worth $278,000. Aigen Investment Management LP lifted its holdings in shares of Thomson Reuters by 87.4% during the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Thomson Reuters by 87.1% in the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after purchasing an additional 235,145 shares during the period. Finally, EFG Asset Management Americas Corp. increased its stake in Thomson Reuters by 65.4% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider’s stock worth $2,781,000 after purchasing an additional 6,525 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

Shares of NYSE TRI opened at $161.20 on Friday. The business’s 50-day simple moving average is $167.38 and its 200-day simple moving average is $167.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters Co. has a 52 week low of $138.09 and a 52 week high of $176.03. The firm has a market cap of $72.53 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 5.47 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.72 billion during 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%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, equities research analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada raised their price objective 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. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Scotiabank lifted their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $176.33.

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.