Thomson Reuters Co. (NYSE:TRI) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,862 shares of the business services provider's stock after acquiring an additional 3,291 shares during the quarter. Achmea Investment Management B.V.'s holdings in Thomson Reuters were worth $3,508,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Thomson Reuters in the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its stake in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Thomson Reuters by 51.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 880 shares of the business services provider's stock valued at $141,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a report on Thursday, March 6th. Scotiabank lifted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. CIBC upped their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Canaccord Genuity Group increased their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $177.56.

Remove Ads

Thomson Reuters Stock Performance

Shares of NYSE:TRI traded down $1.32 on Wednesday, reaching $171.02. The company's stock had a trading volume of 579,014 shares, compared to its average volume of 358,463. 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 Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The stock's 50-day moving average is $170.05 and its two-hundred day moving average is $167.80. The stock has a market capitalization of $76.98 billion, a P/E ratio of 34.97, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's payout ratio is currently 48.67%.

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.