CIBC Asset Management Inc Increases Holdings in Thomson Reuters Co. (NYSE:TRI)

CIBC Asset Management Inc raised its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,153,240 shares of the business services provider's stock after buying an additional 395,481 shares during the period. CIBC Asset Management Inc owned about 0.26% of Thomson Reuters worth $185,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters during the fourth quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters in the third quarter valued at approximately $47,000. Exchange Traded Concepts LLC increased its holdings in shares of Thomson Reuters by 104.4% in the third 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 in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock valued at $85,000 after purchasing an additional 200 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Thomson Reuters in the third quarter valued at approximately $86,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Up 2.3 %

TRI stock traded up $3.99 during midday trading on Thursday, hitting $176.59. The company's stock had a trading volume of 1,631,641 shares, compared to its average volume of 426,235. The stock has a market capitalization of $79.47 billion, a P/E ratio of 36.11, a PEG ratio of 5.57 and a beta of 0.73. The company's fifty day moving average price is $165.48 and its 200 day moving average price is $166.31. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $179.45. 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 - Get Free Report) TSE: TRI last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.35%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's payout ratio is currently 44.17%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Scotiabank lifted their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.