O Shaughnessy Asset Management LLC Cuts Stake in Thomson Reuters Co. (NYSE:TRI)

O Shaughnessy Asset Management LLC lowered its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 25.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,766 shares of the business services provider's stock after selling 8,944 shares during the period. O Shaughnessy Asset Management LLC's holdings in Thomson Reuters were worth $4,293,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters during the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its position in Thomson Reuters by 60.4% in the 4th 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 last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted 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. Canaccord Genuity Group upped their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. The Goldman Sachs Group increased their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $177.56.

Thomson Reuters Price Performance

Thomson Reuters stock traded down $3.33 during mid-day trading on Monday, hitting $162.65. 942,200 shares of the company traded hands, compared to its average volume of 380,964. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. The stock has a market cap of $73.21 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The stock has a fifty day moving average price of $173.26 and a 200-day moving average price of $167.91.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.

Thomson Reuters Company 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.