Hilton Capital Management LLC Has $11.91 Million Position in Thomson Reuters Co. (NYSE:TRI)

Hilton Capital Management LLC cut its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,281 shares of the business services provider's stock after selling 8,888 shares during the period. Thomson Reuters makes up approximately 1.0% of Hilton Capital Management LLC's investment portfolio, making the stock its 24th largest position. Hilton Capital Management LLC's holdings in Thomson Reuters were worth $11,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the fourth quarter worth about $33,000. Ashton Thomas Securities LLC acquired a new stake in Thomson Reuters during the third quarter worth about $47,000. Finally, EverSource Wealth Advisors LLC grew its stake in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 0.9 %

Shares of TRI stock traded down $1.58 during trading hours on Tuesday, hitting $172.34. 406,115 shares of the company were exchanged, compared to its average volume of 357,219. The firm has a market cap of $77.57 billion, a P/E ratio of 35.24, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.42. 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 company has a 50 day simple moving average of $169.81 and a two-hundred day simple moving average of $167.79.

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Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 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%. Equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRI shares. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company raised their price objective 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. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.