180 Wealth Advisors LLC Acquires 251 Shares of Thomson Reuters Co. $TRI

180 Wealth Advisors LLC lifted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,680 shares of the business services provider’s stock after purchasing an additional 251 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Thomson Reuters were worth $338,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its position in shares of Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after purchasing an additional 139 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Thomson Reuters during the second quarter worth $37,000. SBI Securities Co. Ltd. raised its position in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after acquiring an additional 69 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Thomson Reuters during the second quarter worth $77,000. Finally, Financial Perspectives Inc bought a new stake in Thomson Reuters during the second quarter worth $80,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.5%

TRI stock opened at $162.60 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company’s 50-day simple moving average is $165.22 and its 200 day simple moving average is $182.57. Thomson Reuters Co. has a 52 week low of $149.47 and a 52 week high of $218.42. The company has a market capitalization of $72.63 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly 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 net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Thomson Reuters’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on TRI shares. CIBC raised shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 19th. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $188.00 to $200.00 in a research report on Wednesday, August 6th. Royal Bank Of Canada dropped their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 7th. Huber Research upgraded shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $187.00 to $212.00 in a report on Tuesday, September 9th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.64.

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.