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Dixon Mitchell Investment Counsel Inc. Purchases 1,601 Shares of Thomson Reuters Co. (NYSE:TRI)

Thomson Reuters logo with Business Services background

Dixon Mitchell Investment Counsel Inc. grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 205,336 shares of the business services provider's stock after purchasing an additional 1,601 shares during the quarter. Thomson Reuters makes up approximately 1.5% of Dixon Mitchell Investment Counsel Inc.'s holdings, making the stock its 26th biggest holding. Dixon Mitchell Investment Counsel Inc.'s holdings in Thomson Reuters were worth $32,974,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Aigen Investment Management LP increased its holdings in Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider's stock valued at $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $4,506,000. Icon Wealth Advisors LLC raised its position in shares of Thomson Reuters by 547.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider's stock valued at $1,355,000 after acquiring an additional 6,716 shares during the period. Toronto Dominion Bank boosted its stake in Thomson Reuters by 87.1% during the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock worth $85,136,000 after acquiring an additional 235,145 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Thomson Reuters during the third quarter valued at approximately $2,127,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analyst Weigh In

TRI has been the topic of several analyst reports. Wells Fargo & Company started coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price on the stock. Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, CIBC boosted their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $176.10.

View Our Latest Stock Report on Thomson Reuters

Thomson Reuters Stock Up 0.2 %

NYSE TRI traded up $0.39 during trading on Thursday, hitting $158.10. The stock had a trading volume of 179,884 shares, compared to its average volume of 314,888. The company has a market capitalization of $71.15 billion, a PE ratio of 31.12, a P/E/G ratio of 4.89 and a beta of 0.72. Thomson Reuters Co. has a 12 month low of $146.10 and a 12 month high of $176.03. The company's 50-day moving average price is $163.43 and its two-hundred day moving average price is $165.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio is presently 42.52%.

About Thomson Reuters

(Free Report)

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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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