Thomson Reuters Co. (NYSE:TRI) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its holdings in Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) by 27.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,466 shares of the business services provider’s stock after selling 563 shares during the quarter. Quadrant Capital Group LLC’s holdings in Thomson Reuters were worth $159,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pacifica Partners Inc. grew its position in shares of Thomson Reuters by 33.4% in the first quarter. Pacifica Partners Inc. now owns 599 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 150 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $78,000. GHP Investment Advisors Inc. purchased a new position in shares of Thomson Reuters during the first quarter valued at approximately $98,000. AdvisorNet Financial Inc lifted its stake in shares of Thomson Reuters by 260.8% during the first quarter. AdvisorNet Financial Inc now owns 1,039 shares of the business services provider’s stock valued at $113,000 after buying an additional 751 shares during the period. Finally, Addison Advisors LLC purchased a new position in shares of Thomson Reuters during the first quarter valued at approximately $123,000. 21.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRI. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday. Barclays reduced their price objective on shares of Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Friday, July 1st. CIBC raised shares of Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, June 14th. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Friday. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.00.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $114.05 on Friday. Thomson Reuters Co. has a 52-week low of $91.55 and a 52-week high of $123.60. The firm has a fifty day moving average of $104.08 and a 200-day moving average of $103.38. The firm has a market capitalization of $55.32 billion, a P/E ratio of 33.94, a PEG ratio of 3.34 and a beta of 0.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last released its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Thomson Reuters Co. will post 2.45 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, August 17th. Thomson Reuters’s payout ratio is currently 52.98%.

Thomson Reuters Company Profile

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Thomson Reuters Corporation provides 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.

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

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