4,724 Shares in Thomson Reuters Co. (NYSE:TRI) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,724 shares of the business services provider's stock, valued at approximately $758,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRI. National Bank of Canada FI raised its stake in Thomson Reuters by 115.7% in the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after purchasing an additional 516,715 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Thomson Reuters by 11.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock worth $439,665,000 after buying an additional 255,387 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Thomson Reuters by 909.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock valued at $35,815,000 after buying an additional 189,199 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Thomson Reuters in the 3rd quarter worth approximately $29,250,000. Finally, Prana Capital Management LP acquired a new position in Thomson Reuters in the 3rd quarter valued at $19,143,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRI has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Scotiabank raised their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group lifted 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $182.09.

Thomson Reuters Stock Down 2.8 %

NYSE TRI traded down $5.01 during trading hours on Friday, reaching $173.93. 654,838 shares of the company traded hands, compared to its average volume of 357,534. The stock has a market capitalization of $78.27 billion, a PE ratio of 35.57, a PEG ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $179.45. The company has a 50 day moving average of $165.24 and a two-hundred day moving average of $165.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.37%. Thomson Reuters's dividend payout ratio is 44.17%.

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.