Meridian Wealth Management LLC Buys New Holdings in Thomson Reuters Co. (NYSE:TRI)

Meridian Wealth Management LLC purchased a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,414 shares of the business services provider's stock, valued at approximately $4,506,000.

Several other institutional investors also recently modified their holdings of TRI. Blair William & Co. IL lifted its stake in Thomson Reuters by 10.8% during the first quarter. Blair William & Co. IL now owns 2,220 shares of the business services provider's stock valued at $346,000 after buying an additional 216 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in Thomson Reuters by 90.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the business services provider's stock worth $343,000 after purchasing an additional 1,044 shares during the period. Advisors Asset Management Inc. grew its position in Thomson Reuters by 103.7% during the 1st quarter. Advisors Asset Management Inc. now owns 2,261 shares of the business services provider's stock worth $352,000 after purchasing an additional 1,151 shares in the last quarter. Janus Henderson Group PLC raised its stake in Thomson Reuters by 23.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider's stock valued at $2,612,000 after purchasing an additional 3,223 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Thomson Reuters by 6.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 5,338 shares of the business services provider's stock valued at $832,000 after purchasing an additional 324 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Scotiabank increased their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. Finally, National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $176.33.

Thomson Reuters Stock Down 0.4 %

Shares of NYSE TRI traded down $0.64 during mid-day trading on Friday, reaching $161.20. 299,640 shares of the company traded hands, compared to its average volume of 312,670. The company's fifty day moving average is $167.38 and its two-hundred day moving average is $167.25. 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 Co. has a fifty-two week low of $138.09 and a fifty-two week high of $176.03. The stock has a market cap of $72.53 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. On average, analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a $0.54 dividend. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 21st. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

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.