Fiera Capital Corp Trims Stake in Thomson Reuters Co. (NYSE:TRI)

Fiera Capital Corp cut its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,497,767 shares of the business services provider's stock after selling 187,116 shares during the quarter. Thomson Reuters accounts for about 1.3% of Fiera Capital Corp's holdings, making the stock its 24th biggest holding. Fiera Capital Corp owned about 0.56% of Thomson Reuters worth $400,649,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TRI. National Bank of Canada FI increased its stake in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after buying an additional 516,715 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock valued at $439,665,000 after buying an additional 255,387 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake 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 period. International Assets Investment Management LLC acquired a new stake in shares of Thomson Reuters in the third quarter valued at about $29,250,000. Finally, Prana Capital Management LP acquired a new stake in shares of Thomson Reuters in the third quarter valued at about $19,143,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Down 2.8 %

NYSE:TRI traded down $5.01 on Friday, hitting $173.93. The stock had a trading volume of 654,838 shares, compared to its average volume of 357,534. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $179.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The business's fifty day moving average is $165.24 and its 200 day moving average is $166.02. The company has a market cap of $78.27 billion, a PE ratio of 35.57, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its 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%. On average, equities research analysts expect that Thomson Reuters Co. will post 3.96 EPS for the current fiscal 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 $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is currently 44.17%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRI shares. Wells Fargo & Company increased their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Scotiabank raised their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average 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.