Thomson Reuters Co. $TRI Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC cut its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,755 shares of the business services provider’s stock after selling 81 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Thomson Reuters were worth $994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Thomson Reuters by 30.3% during the first quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock worth $2,964,000 after buying an additional 3,988 shares in the last quarter. Amundi grew its position in shares of Thomson Reuters by 22.4% during the first quarter. Amundi now owns 395,057 shares of the business services provider’s stock worth $69,494,000 after buying an additional 72,329 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Thomson Reuters during the first quarter worth about $6,156,000. Junto Capital Management LP acquired a new position in shares of Thomson Reuters during the first quarter worth about $34,422,000. Finally, Vident Advisory LLC grew its position in shares of Thomson Reuters by 26.2% during the first quarter. Vident Advisory LLC now owns 1,950 shares of the business services provider’s stock worth $337,000 after buying an additional 405 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $173.51 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a twelve month low of $151.60 and a twelve month high of $218.42. The stock has a 50 day moving average of $188.35 and a two-hundred day moving average of $185.44. The stock has a market cap of $78.20 billion, a P/E ratio of 35.48, a P/E/G ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a $0.595 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. Thomson Reuters’s payout ratio is currently 65.75%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRI shares. CIBC raised Thomson Reuters from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 19th. Royal Bank Of Canada lowered their price objective on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $188.00 to $200.00 in a report on Wednesday, August 6th. Morgan Stanley lowered their price target on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and upped their price target for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.82.

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.