Thomson Reuters Co. $TRI Stock Holdings Lessened by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 48.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,173 shares of the business services provider’s stock after selling 18,337 shares during the quarter. Voya Investment Management LLC’s holdings in Thomson Reuters were worth $2,978,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC boosted its stake in shares of Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after buying an additional 162 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Thomson Reuters during the 2nd quarter valued at about $34,000. Ameritas Advisory Services LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter valued at approximately $37,000. AlphaCore Capital LLC bought a new stake in shares of Thomson Reuters in the 2nd quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. increased its holdings in Thomson Reuters by 30.9% in the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TRI. BMO Capital Markets reissued an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday, November 5th. Scotiabank reiterated an “outperform” rating and issued a $189.00 price objective (down from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. Wells Fargo & Company raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $187.00 to $212.00 in a research report on Tuesday, September 9th. 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, October 15th. Finally, CIBC set a $198.00 price objective on Thomson Reuters and gave the company an “outperform” rating in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.64.

Thomson Reuters Stock Up 0.2%

TRI stock opened at $133.21 on Friday. The stock has a market capitalization of $59.26 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79. The company has a 50-day moving average of $139.97 and a two-hundred day moving average of $166.97. Thomson Reuters Co. has a 52-week low of $128.16 and a 52-week 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 posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, November 18th. Thomson Reuters’s dividend payout ratio is currently 61.18%.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.