Essential Planning LLC. Takes Position in Thomson Reuters Co. (NYSE:TRI)

Essential Planning LLC. bought a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,935 shares of the business services provider's stock, valued at approximately $4,303,000.

Other hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 1.3 %

Shares of NYSE:TRI traded up $2.16 on Friday, hitting $172.17. 344,012 shares of the company's stock were exchanged, compared to its average volume of 457,862. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $180.42. The company has a market capitalization of $77.49 billion, a PE ratio of 35.21, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm's 50-day moving average is $169.55 and its 200 day moving average is $167.78.

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Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results 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%. Sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.

Analyst Ratings Changes

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

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.