Empower Advisory Group LLC Sells 237 Shares of Thomson Reuters Co. (NYSE:TRI)

Empower Advisory Group LLC cut its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,195 shares of the business services provider’s stock after selling 237 shares during the period. Empower Advisory Group LLC’s holdings in Thomson Reuters were worth $887,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRI. Rothschild Investment LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its position in Thomson Reuters by 76.9% in 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 during the last quarter. Asset Dedication LLC lifted its position in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Thomson Reuters during the third quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Thomson Reuters in the third quarter worth approximately $47,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Trading Down 2.2 %

Thomson Reuters stock opened at $164.74 on Friday. The business’s fifty day simple moving average is $168.59 and its two-hundred day simple moving average is $167.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $74.11 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 5.73 and a beta of 0.73. Thomson Reuters Co. has a 12 month low of $132.87 and a 12 month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, equities analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.31%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TRI shares. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Scotiabank upped their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Thomson Reuters has a consensus rating of “Hold” and an average price target of $176.33.

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.