Graypoint LLC Purchases 127 Shares of Thomson Reuters Co. (NYSE:TRI)

Graypoint LLC grew its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,289 shares of the business services provider’s stock after buying an additional 127 shares during the period. Graypoint LLC’s holdings in Thomson Reuters were worth $3,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRI. Blair William & Co. IL raised its holdings in shares of Thomson Reuters by 3.0% during the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Thomson Reuters by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock worth $1,252,000 after purchasing an additional 74 shares during the period. Sivia Capital Partners LLC increased its position in Thomson Reuters by 4.8% in the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock worth $277,000 after buying an additional 75 shares in the last quarter. Avitas Wealth Management LLC grew its stake in shares of Thomson Reuters by 0.4% during the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after acquiring an additional 79 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank upped their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned 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 an average price target of $176.33.

Thomson Reuters Trading Down 2.8 %

TRI opened at $166.29 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $168.71 and its two-hundred day moving average is $166.61. The company has a market capitalization of $74.81 billion, a P/E ratio of 31.92, a PEG ratio of 5.55 and a beta of 0.73. Thomson Reuters Co. has a 52 week low of $127.68 and a 52 week high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts forecast that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.30%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s payout ratio is 41.46%.

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.