Orion Porfolio Solutions LLC Has $2.03 Million Position in Thomson Reuters Co. $TRI

Orion Porfolio Solutions LLC lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 48.4% in the third quarter, Holdings Channel reports. The firm owned 13,075 shares of the business services provider’s stock after selling 12,240 shares during the period. Orion Porfolio Solutions LLC’s holdings in Thomson Reuters were worth $2,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TRI. AGF Management Ltd. boosted its stake in Thomson Reuters by 186.8% during the 3rd quarter. AGF Management Ltd. now owns 870,312 shares of the business services provider’s stock valued at $135,592,000 after purchasing an additional 566,908 shares during the period. Intact Investment Management Inc. bought a new position in Thomson Reuters in the 3rd quarter worth approximately $3,485,000. Profund Advisors LLC acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $5,061,000. JCIC Asset Management Inc. acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $4,015,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Thomson Reuters in the third quarter valued at approximately $10,117,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.6%

TRI opened at $103.11 on Thursday. The company has a market capitalization of $45.89 billion, a P/E ratio of 21.09, a P/E/G ratio of 5.67 and a beta of 0.81. 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 firm’s fifty day moving average price is $107.64 and its two-hundred day moving average price is $135.32. Thomson Reuters Co. has a fifty-two week low of $79.71 and a fifty-two week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 EPS. On average, analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.5%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research analyst reports. BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a research note on Friday, February 6th. UBS Group set a $131.50 price target on shares of Thomson Reuters in a report on Friday, February 6th. Bank of America raised their price target on shares of Thomson Reuters from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley set a $116.00 price objective on shares of Thomson Reuters in a research report on Friday, February 6th. Finally, TD Securities restated a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.42.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.