Hillsdale Investment Management Inc. Increases Stock Position in Thomson Reuters Co. (NYSE:TRI)

Hillsdale Investment Management Inc. lifted its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 153.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,175 shares of the business services provider's stock after purchasing an additional 76,395 shares during the quarter. Thomson Reuters accounts for 1.0% of Hillsdale Investment Management Inc.'s portfolio, making the stock its 20th largest position. Hillsdale Investment Management Inc.'s holdings in Thomson Reuters were worth $20,238,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in shares of Thomson Reuters during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new stake in Thomson Reuters during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters during the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in shares of Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of TRI traded down $0.43 during trading hours on Wednesday, hitting $172.02. The company's stock had a trading volume of 254,744 shares, compared to its average volume of 359,835. The company has a market cap of $77.48 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 5.67 and a beta of 0.70. The business has a 50 day simple moving average of $171.48 and a two-hundred day simple moving average of $167.88. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

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Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) 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%. On average, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal 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 given a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's payout ratio is currently 48.67%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted 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, CIBC lifted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $177.56.

About Thomson Reuters

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.