Kestra Private Wealth Services LLC Has $1.01 Million Position in Thomson Reuters Co. (NYSE:TRI)

Kestra Private Wealth Services LLC grew its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 83.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,317 shares of the business services provider's stock after purchasing an additional 2,882 shares during the period. Kestra Private Wealth Services LLC's holdings in Thomson Reuters were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRI. AQR Capital Management LLC acquired a new stake in Thomson Reuters in the second quarter valued at approximately $236,000. SG Americas Securities LLC lifted its stake in shares of Thomson Reuters by 59.6% in the 3rd quarter. SG Americas Securities LLC now owns 2,095 shares of the business services provider's stock valued at $357,000 after acquiring an additional 782 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 167 shares in the last quarter. Creative Planning grew its position in Thomson Reuters by 9.0% during the 3rd quarter. Creative Planning now owns 18,342 shares of the business services provider's stock worth $3,129,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Asset Dedication LLC increased its holdings in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Canaccord Genuity Group boosted their target price on shares of 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 Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, 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 report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $182.09.

Thomson Reuters Trading Down 2.8 %

Shares of NYSE:TRI traded down $5.01 during midday trading on Monday, reaching $173.93. The company's stock had a trading volume of 654,838 shares, compared to its average volume of 357,534. The firm has a 50 day moving average price of $165.24 and a two-hundred day moving average price of $166.05. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $179.45. The firm has a market capitalization of $78.27 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 5.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.

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 (EPS) for the quarter, beating the consensus estimate 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, analysts forecast that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 yield of 1.37%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is presently 44.17%.

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.