United Capital Financial Advisors LLC Decreases Stake in Thomson Reuters Co. (NYSE:TRI)

United Capital Financial Advisors LLC lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,844 shares of the business services provider’s stock after selling 28,233 shares during the period. United Capital Financial Advisors LLC’s holdings in Thomson Reuters were worth $16,815,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the 4th quarter worth $27,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRI. Bank of America assumed coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They set a “neutral” rating and a $180.00 target price on the stock. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company increased their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, CIBC boosted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $177.80.

Thomson Reuters Trading Up 3.0 %

Shares of TRI stock opened at $181.70 on Wednesday. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $182.29. The company has a 50 day moving average price of $173.42 and a 200 day moving average price of $167.90. The stock has a market capitalization of $81.78 billion, a P/E ratio of 37.16, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

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

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is presently 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.