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

180 Wealth Advisors LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 17.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,680 shares of the business services provider’s stock after acquiring an additional 251 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Thomson Reuters were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PFG Investments LLC lifted its position in Thomson Reuters by 2.2% during the second quarter. PFG Investments LLC now owns 2,660 shares of the business services provider’s stock worth $535,000 after purchasing an additional 57 shares during the period. Rhumbline Advisers lifted its position in Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider’s stock worth $770,000 after purchasing an additional 68 shares during the period. SBI Securities Co. Ltd. lifted 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 purchasing an additional 69 shares during the period. Signaturefd LLC lifted its position in Thomson Reuters by 0.8% during the second quarter. Signaturefd LLC now owns 8,426 shares of the business services provider’s stock worth $1,695,000 after purchasing an additional 70 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in Thomson Reuters by 3.6% during the second quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock worth $474,000 after purchasing an additional 82 shares during the period. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Securities raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and upped their price objective for the stock from $275.00 to $285.00 in a research report on Thursday, August 28th. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $188.00 to $200.00 in a report on Wednesday, August 6th. Royal Bank Of Canada dropped their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a report on Thursday, August 7th. National Bankshares reissued an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Finally, Morgan Stanley dropped their target price on shares of Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.64.

Thomson Reuters Stock Down 0.5%

Shares of NYSE TRI opened at $162.60 on Friday. The company has a 50 day simple moving average of $165.22 and a 200 day simple moving average of $182.57. The firm has a market cap 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 Co. has a 1 year low of $149.47 and a 1 year 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.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is currently 65.75%.

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.