OneDigital Investment Advisors LLC Purchases 140 Shares of Thomson Reuters Co. (NYSE:TRI)

OneDigital Investment Advisors LLC grew its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,700 shares of the business services provider’s stock after buying an additional 140 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Thomson Reuters were worth $972,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cibc World Market Inc. raised its position in Thomson Reuters by 26.3% in the second quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock worth $223,525,000 after purchasing an additional 276,206 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $45,514,000. Toronto Dominion Bank lifted its position in shares of Thomson Reuters by 87.1% during the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock worth $85,136,000 after buying an additional 235,145 shares during the period. International Assets Investment Management LLC acquired a new stake in Thomson Reuters in the 3rd quarter valued at $29,250,000. Finally, Millennium Management LLC raised its stake in Thomson Reuters by 179.5% during the second quarter. Millennium Management LLC now owns 243,524 shares of the business services provider’s stock worth $41,033,000 after acquiring an additional 156,410 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $176.33.

Thomson Reuters Stock Down 0.3 %

Shares of NYSE:TRI opened at $161.15 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $72.50 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 5.47 and a beta of 0.73. The company has a 50 day moving average of $168.29 and a 200-day moving average of $167.40. Thomson Reuters Co. has a one year low of $136.93 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

About Thomson Reuters

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.