Quotient Wealth Partners LLC Purchases New Holdings in Thomson Reuters Co. $TRI

Quotient Wealth Partners LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,125 shares of the business services provider’s stock, valued at approximately $226,000.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its holdings in Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after buying an additional 139 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Thomson Reuters during the 2nd quarter worth approximately $37,000. SBI Securities Co. Ltd. lifted its holdings in Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after buying an additional 69 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Thomson Reuters during the 2nd quarter worth approximately $77,000. Finally, Whittier Trust Co. lifted its holdings in Thomson Reuters by 1,008.9% during the 1st quarter. Whittier Trust Co. now owns 621 shares of the business services provider’s stock worth $107,000 after buying an additional 565 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 1.4%

TRI opened at $158.53 on Monday. Thomson Reuters Co. has a 12 month low of $149.47 and a 12 month high of $218.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market cap of $71.18 billion, a P/E ratio of 32.42, a P/E/G ratio of 5.67 and a beta of 0.74. The stock’s 50 day moving average price is $166.08 and its 200 day moving average price is $182.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio (DPR) is currently 65.75%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TRI shares. Royal Bank Of Canada reduced their target price on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a report on Thursday, August 7th. The Goldman Sachs Group set a $186.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley dropped their price target on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 11th. National Bankshares reiterated an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Finally, Wells Fargo & Company upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $187.00 to $212.00 in a research report on Tuesday, September 9th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.64.

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.