Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 547.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,943 shares of the business services provider’s stock after purchasing an additional 6,716 shares during the period. Icon Wealth Advisors LLC’s holdings in Thomson Reuters were worth $1,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in Thomson Reuters in the second quarter valued at $25,000. EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Asset Dedication LLC raised its stake in shares of Thomson Reuters by 125.0% in the 3rd 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 in the last quarter. Clean Yield Group bought a new position in shares of Thomson Reuters during the third quarter worth about $42,000. Finally, Ashton Thomas Securities LLC acquired a new position in Thomson Reuters in the third quarter worth about $47,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Down 0.4 %

TRI stock opened at $161.20 on Friday. The stock has a market cap of $72.53 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73. The firm’s 50-day simple moving average is $167.38 and its 200 day simple moving average is $167.25. Thomson Reuters Co. has a fifty-two week low of $138.09 and a fifty-two week high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.72 billion during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.69 EPS 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 given a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada upped their price objective 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. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank lifted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average 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.