Montrusco Bolton Investments Inc. Has $5.32 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Montrusco Bolton Investments Inc. reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,157 shares of the business services provider's stock after selling 2,889 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Thomson Reuters were worth $5,321,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in shares of Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock worth $164,292,000 after purchasing an additional 516,715 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Thomson Reuters by 11.0% in the 3rd 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 lifted its holdings in shares of Thomson Reuters by 909.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock worth $35,815,000 after acquiring an additional 189,199 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $29,250,000. Finally, Millennium Management LLC increased its stake in Thomson Reuters by 179.5% in the second quarter. Millennium Management LLC now owns 243,524 shares of the business services provider's stock valued at $41,033,000 after acquiring an additional 156,410 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price objective on the stock. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Wednesday, January 8th. Scotiabank lifted their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Finally, CIBC lifted their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters currently has an average rating of "Hold" and a consensus price target of $176.10.

Thomson Reuters Trading Up 0.5 %

TRI traded up $0.83 during mid-day trading on Wednesday, reaching $167.03. The stock had a trading volume of 309,035 shares, compared to its average volume of 295,158. The firm's fifty day simple moving average is $162.82 and its two-hundred day simple moving average is $165.14. The stock has a market capitalization of $75.16 billion, a P/E ratio of 32.88, a P/E/G ratio of 5.18 and a beta of 0.72. Thomson Reuters Co. has a 52 week low of $148.16 and a 52 week high of $176.03. 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 announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.82 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. On average, equities analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.54 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. Thomson Reuters's payout ratio is presently 42.52%.

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.