6,136 Thomson Reuters Corp $TRI Shares Sold by Value Partners Investments Inc.

Value Partners Investments Inc. decreased its stake in Thomson Reuters Corp (NASDAQ:TRI) by 73.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,236 shares of the company’s stock after selling 6,136 shares during the period. Value Partners Investments Inc.’s holdings in Thomson Reuters were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC acquired a new position in shares of Thomson Reuters during the second quarter worth $45,000. Western Wealth Management LLC bought a new position in shares of Thomson Reuters in the 1st quarter valued at $48,000. GK Wealth Management LLC bought a new position in shares of Thomson Reuters in the 3rd quarter valued at $53,000. SBI Securities Co. Ltd. lifted its stake in shares of Thomson Reuters by 66.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock valued at $64,000 after acquiring an additional 315 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Thomson Reuters by 135.8% during the 1st quarter. Fifth Third Bancorp now owns 823 shares of the company’s stock valued at $74,000 after acquiring an additional 474 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research reports. Morgan Stanley set a $110.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. Barclays dropped their target price on Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th. Scotiabank reissued a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price target on Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.97.

Thomson Reuters Trading Down 0.7%

NASDAQ TRI traded down $0.78 on Monday, hitting $108.23. The company’s stock had a trading volume of 1,774,960 shares, compared to its average volume of 2,161,199. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $164.30. The company’s 50-day moving average is $102.14 and its 200 day moving average is $93.86. The firm has a market cap of $46.89 billion, a PE ratio of 28.81, a PEG ratio of 2.09 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. As a group, analysts predict that Thomson Reuters Corp will post 4.48 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $0.6550 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 69.68%.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.