Alberta Investment Management Corp Sells 11,411 Shares of Thomson Reuters Co. (NYSE:TRI)

Alberta Investment Management Corp lessened its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 341,471 shares of the business services provider's stock after selling 11,411 shares during the quarter. Alberta Investment Management Corp owned about 0.08% of Thomson Reuters worth $54,803,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TRI. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters during the 4th quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth about $47,000. Exchange Traded Concepts LLC boosted its stake in Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after purchasing an additional 167 shares during the period. Nisa Investment Advisors LLC increased its position in Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock worth $85,000 after buying an additional 200 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $86,000. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

TRI traded down $0.22 during trading on Friday, reaching $176.58. 819,138 shares of the company's stock were exchanged, compared to its average volume of 496,097. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $179.45. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $165.80 and a 200 day moving average price of $166.53. The company has a market capitalization of $79.46 billion, a P/E ratio of 36.11, a PEG ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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, analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters's payout ratio is currently 48.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TRI shares. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. CIBC raised their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $182.09.

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.