Principal Financial Group Inc. lowered its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 27.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,147 shares of the business services provider's stock after selling 7,600 shares during the quarter. Principal Financial Group Inc.'s holdings in Thomson Reuters were worth $3,233,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% during the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock valued at $85,000 after acquiring an additional 200 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Thomson Reuters by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider's stock valued at $1,219,000 after purchasing an additional 369 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of Thomson Reuters during the third quarter worth about $155,000. QRG Capital Management Inc. increased its position in shares of Thomson Reuters by 10.0% during the third quarter. QRG Capital Management Inc. now owns 1,739 shares of the business services provider's stock worth $297,000 after acquiring an additional 158 shares in the last quarter. Finally, PDS Planning Inc increased its position in shares of Thomson Reuters by 5.7% during the third quarter. PDS Planning Inc now owns 2,237 shares of the business services provider's stock worth $382,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Performance
Shares of TRI stock traded up $2.58 during trading on Friday, reaching $177.66. 324,291 shares of the company's stock traded hands, compared to its average volume of 457,513. The firm's 50-day moving average is $168.49 and its 200 day moving average is $167.59. The company has a market capitalization of $79.96 billion, a P/E ratio of 36.33, a PEG ratio of 5.67 and a beta of 0.73. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS 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%. Equities research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.
Thomson Reuters Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a $0.595 dividend. This is a positive change 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 1.34%. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.
Analysts Set New Price Targets
A number of analysts have commented on the company. CIBC boosted their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company upped 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. Scotiabank upped their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a report on Friday, February 7th. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $182.09.
Read Our Latest Stock Report on TRI
About Thomson Reuters
(
Free Report)
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.
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