Proficio Capital Partners LLC Takes Position in Thomson Reuters Co. (NYSE:TRI)

Proficio Capital Partners LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 61,265 shares of the business services provider's stock, valued at approximately $9,826,000.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI grew its position in shares of Thomson Reuters by 115.7% during the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock worth $164,292,000 after buying an additional 516,715 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 purchasing an additional 255,387 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Thomson Reuters by 909.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock valued at $35,815,000 after purchasing an additional 189,199 shares in the last quarter. Finally, Prana Capital Management LP purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth $19,143,000. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRI. Canaccord Genuity Group raised their price target 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 raised their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. StockNews.com downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Scotiabank raised their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $182.09.

Thomson Reuters Stock Performance

Shares of NYSE:TRI traded down $0.68 on Thursday, reaching $175.32. The company's stock had a trading volume of 233,580 shares, compared to its average volume of 453,788. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The stock's 50-day moving average is $167.93 and its two-hundred day moving average is $167.44. The stock has a market capitalization of $78.90 billion, a P/E ratio of 35.87, a PEG ratio of 5.67 and a beta of 0.73.

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%. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, February 20th. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.

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.