12,405 Shares in Thomson Reuters Co. $TRI Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the second quarter, HoldingsChannel.com reports. The fund bought 12,405 shares of the business services provider’s stock, valued at approximately $2,495,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TRI. TD Asset Management Inc boosted its stake in Thomson Reuters by 15.7% in the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider’s stock valued at $951,477,000 after acquiring an additional 750,063 shares during the period. Millennium Management LLC boosted its stake in Thomson Reuters by 365.6% in the first quarter. Millennium Management LLC now owns 894,074 shares of the business services provider’s stock valued at $154,475,000 after acquiring an additional 702,036 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 acquiring an additional 421,279 shares during the period. Canada Pension Plan Investment Board boosted its stake in Thomson Reuters by 97.9% in the first quarter. Canada Pension Plan Investment Board now owns 414,960 shares of the business services provider’s stock valued at $71,620,000 after acquiring an additional 205,306 shares during the period. Finally, Junto Capital Management LP acquired a new position in Thomson Reuters in the first quarter valued at approximately $34,422,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and lifted their target price for the company from $275.00 to $285.00 in a research note on Thursday, August 28th. Morgan Stanley cut their price target on Thomson Reuters from $197.00 to $187.00 and set an “equal weight” rating on the stock in a report on Thursday, September 11th. CIBC raised Thomson Reuters from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 19th. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $188.00 to $200.00 in a report on Wednesday, August 6th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Seven 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.com, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus target price of $202.64.

Thomson Reuters Price Performance

Shares of NYSE: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 stock has a market cap of $71.18 billion, a price-to-earnings ratio of 32.42, a PEG 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. 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 announced its earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, topping 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 quarter in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued 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 payout ratio is presently 65.75%.

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.