HighTower Advisors LLC Sells 4,607 Shares of Thomson Reuters Co. (NYSE:TRI)

HighTower Advisors LLC reduced its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 34.5% during the second quarter, HoldingsChannel.com reports. The firm owned 8,758 shares of the business services provider’s stock after selling 4,607 shares during the quarter. HighTower Advisors LLC’s holdings in Thomson Reuters were worth $871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Achmea Investment Management B.V. lifted its position in Thomson Reuters by 1.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 9,724 shares of the business services provider’s stock valued at $967,000 after acquiring an additional 128 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Thomson Reuters by 12.5% in the 1st quarter. Quadrant Capital Group LLC now owns 1,193 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 133 shares in the last quarter. Captrust Financial Advisors lifted its position in Thomson Reuters by 41.6% in the 1st quarter. Captrust Financial Advisors now owns 528 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 155 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in Thomson Reuters by 10.7% in the 2nd quarter. Hanson & Doremus Investment Management now owns 1,765 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 170 shares in the last quarter. Finally, Wealth Alliance lifted its position in Thomson Reuters by 5.5% in the 1st quarter. Wealth Alliance now owns 3,266 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 171 shares in the last quarter. 21.76% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:TRI opened at $115.66 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $57.35 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 5.13 and a beta of 0.45. Thomson Reuters Co. has a one year low of $76.17 and a one year high of $120.31. The business has a fifty day moving average price of $111.75 and a 200-day moving average price of $100.25.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, August 5th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. Thomson Reuters had a return on equity of 7.89% and a net margin of 111.93%. Thomson Reuters’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. On average, equities research analysts expect that Thomson Reuters Co. will post 1.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Thursday, August 19th were paid a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, August 18th. This represents a $1.62 annualized dividend and a dividend yield of 1.40%. Thomson Reuters’s dividend payout ratio (DPR) is 90.22%.

Several equities analysts recently issued reports on TRI shares. BMO Capital Markets upped their price objective on Thomson Reuters from $130.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. National Bank Financial increased their price target on Thomson Reuters from C$145.00 to C$162.00 and gave the company a “sector perform” rating in a report on Thursday, September 2nd. TD Securities cut Thomson Reuters from a “buy” rating to a “hold” rating and increased their price target for the company from $155.00 to $160.00 in a report on Friday, September 3rd. They noted that the move was a valuation call. Canaccord Genuity cut Thomson Reuters from a “buy” rating to a “hold” rating and increased their price target for the company from $102.00 to $108.00 in a report on Friday, August 6th. Finally, Zacks Investment Research raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Tuesday, August 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of “Hold” and an average target price of $122.40.

Thomson Reuters Company Profile

Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.

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

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