Thomson Reuters Co. (NYSE:TRI) Shares Bought by Ossiam

Ossiam increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,120 shares of the business services provider's stock after acquiring an additional 2,192 shares during the quarter. Ossiam's holdings in Thomson Reuters were worth $4,032,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC acquired a new position in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters in the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Down 0.2 %

Shares of NYSE TRI traded down $0.28 during midday trading on Wednesday, hitting $181.98. The company's stock had a trading volume of 780,756 shares, compared to its average volume of 408,588. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $81.91 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The business's fifty day simple moving average is $173.77 and its two-hundred day simple moving average is $168.32. Thomson Reuters Co. has a 1 year low of $149.80 and a 1 year high of $184.11.

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 for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters's payout ratio is currently 48.67%.

Analysts Set New Price Targets

Several research firms recently issued reports on TRI. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group increased their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $177.80.

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.