Thomson Reuters Co. (NYSE:TRI) Shares Sold by Amundi

Amundi cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,728 shares of the business services provider’s stock after selling 74,295 shares during the period. Amundi owned about 0.07% of Thomson Reuters worth $51,520,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Thomson Reuters by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider’s stock valued at $1,219,000 after acquiring an additional 369 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of Thomson Reuters by 4.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 3,068 shares of the business services provider’s stock worth $523,000 after acquiring an additional 136 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Thomson Reuters in the third quarter valued at approximately $47,000. Plato Investment Management Ltd purchased a new position in Thomson Reuters in the third quarter valued at approximately $4,387,000. Finally, OneDigital Investment Advisors LLC raised its holdings in Thomson Reuters by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 5,700 shares of the business services provider’s stock worth $972,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

TRI has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Canaccord Genuity Group raised their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Scotiabank lifted their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group upped their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, CIBC lifted their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $171.02 on Thursday. The business has a 50 day simple moving average of $169.18 and a 200-day simple moving average of $167.75. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $76.97 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.39%. Thomson Reuters’s payout ratio is 48.67%.

Thomson Reuters 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.