Orion Portfolio Solutions LLC Sells 908 Shares of Thomson Reuters Co. (NYSE:TRI)

Orion Portfolio Solutions LLC trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,293 shares of the business services provider’s stock after selling 908 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Thomson Reuters were worth $4,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Thomson Reuters by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 318,713 shares of the business services provider’s stock valued at $54,421,000 after purchasing an additional 10,016 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at $377,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Thomson Reuters by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,530 shares of the business services provider’s stock valued at $14,776,000 after buying an additional 10,293 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Thomson Reuters by 21.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,487 shares of the business services provider’s stock worth $254,000 after acquiring an additional 260 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Thomson Reuters during the 3rd quarter valued at about $3,420,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of recent research reports. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Scotiabank upped their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $177.56.

Thomson Reuters Trading Down 1.0 %

Shares of NYSE:TRI opened at $171.01 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The company has a market cap of $76.97 billion, a P/E ratio of 34.97, a PEG ratio of 5.67 and a beta of 0.70. The stock’s fifty day moving average price is $172.29 and its 200-day moving average price is $167.91.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

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