Key Financial Inc Has $464,000 Stock Position in Thomson Reuters Co. (NYSE:TRI)

Key Financial Inc lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,753 shares of the business services provider’s stock after selling 130 shares during the period. Key Financial Inc’s holdings in Thomson Reuters were worth $464,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Thomson Reuters by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock worth $894,442,000 after buying an additional 41,680 shares in the last quarter. FIL Ltd raised its holdings in shares of Thomson Reuters by 9.8% during the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after buying an additional 445,444 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Thomson Reuters by 7.9% during the 1st quarter. TD Asset Management Inc now owns 4,047,773 shares of the business services provider’s stock worth $630,534,000 after buying an additional 295,301 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Thomson Reuters by 0.8% during the 4th quarter. 1832 Asset Management L.P. now owns 1,783,086 shares of the business services provider’s stock worth $260,723,000 after buying an additional 13,747 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Thomson Reuters by 3.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,333,533 shares of the business services provider’s stock worth $207,804,000 after buying an additional 50,367 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of research analyst reports. UBS Group boosted their price target on Thomson Reuters from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Canaccord Genuity Group boosted their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Scotiabank upgraded Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $164.00 to $182.00 in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and an average price target of $173.45.

Thomson Reuters Trading Up 0.9 %

Shares of NYSE TRI traded up $1.60 during trading on Friday, reaching $171.17. The company had a trading volume of 244,961 shares, compared to its average volume of 382,733. The company’s fifty day moving average price is $164.65 and its 200-day moving average price is $162.17. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $176.03. The stock has a market cap of $76.98 billion, a P/E ratio of 32.60, a PEG ratio of 5.96 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts expect that Thomson Reuters Co. will post 3.72 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.146 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.34%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.14%.

Thomson Reuters Company 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.