Wealth Enhancement Advisory Services LLC Sells 4,329 Shares of Thomson Reuters Co. $TRI

Wealth Enhancement Advisory Services LLC reduced its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 18.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,770 shares of the business services provider’s stock after selling 4,329 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Thomson Reuters were worth $3,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its position in Thomson Reuters by 15.7% during the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock worth $951,477,000 after acquiring an additional 750,063 shares in the last quarter. Vanguard Group Inc. raised its position in Thomson Reuters by 1.8% during the first quarter. Vanguard Group Inc. now owns 5,476,600 shares of the business services provider’s stock worth $945,069,000 after acquiring an additional 94,758 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Thomson Reuters by 1.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,537,660 shares of the business services provider’s stock worth $437,985,000 after acquiring an additional 44,898 shares in the last quarter. 1832 Asset Management L.P. raised its position in Thomson Reuters by 1.0% during the first quarter. 1832 Asset Management L.P. now owns 1,665,117 shares of the business services provider’s stock worth $287,699,000 after acquiring an additional 17,223 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Thomson Reuters by 36.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,588,508 shares of the business services provider’s stock valued at $274,462,000 after purchasing an additional 421,279 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Trading Up 0.2%

TRI stock opened at $157.95 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 $180.31 and its 200 day simple moving average is $184.60. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42. The company has a market capitalization of $70.92 billion, a PE ratio of 32.30, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.5%. Thomson Reuters’s dividend payout ratio is currently 65.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating on the stock in a report on Thursday, September 11th. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and upped their price objective for the company from $275.00 to $285.00 in a report on Thursday, August 28th. National Bankshares reiterated an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Finally, CIBC upgraded shares of Thomson Reuters from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 19th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $202.82.

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.