Thomson Reuters (NYSE:TRI) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a hold rating to a sell rating in a report published on Friday.

Several other research firms also recently issued reports on TRI. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Finally, Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $176.33.

Thomson Reuters Trading Down 0.4 %

Shares of TRI opened at $161.20 on Friday. The stock’s fifty day simple moving average is $167.38 and its 200 day simple moving average is $167.25. Thomson Reuters has a twelve month low of $138.09 and a twelve month high of $176.03. 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 firm has a market capitalization of $72.53 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted $0.82 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Institutional Trading of Thomson Reuters

Hedge funds have recently made changes to their positions in the stock. Blair William & Co. IL grew its holdings in Thomson Reuters by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after acquiring an additional 66 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock worth $722,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after buying an additional 74 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after buying an additional 75 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its holdings in Thomson Reuters by 0.4% during the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock worth $3,508,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

About Thomson Reuters

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.