Rhumbline Advisers reduced its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,388 shares of the business services provider's stock after selling 1,721 shares during the quarter. Rhumbline Advisers' holdings in Thomson Reuters were worth $704,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters in the 3rd quarter valued at $47,000. Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the 3rd 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 during the last quarter. Blue Trust Inc. boosted its holdings in shares of Thomson Reuters by 25.9% in the 4th quarter. Blue Trust Inc. now owns 832 shares of the business services provider's stock valued at $142,000 after buying an additional 171 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Thomson Reuters during the fourth quarter worth about $186,000. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Price Performance
NYSE:TRI traded down $2.05 during trading hours on Tuesday, reaching $171.69. 466,944 shares of the company traded hands, compared to its average volume of 458,306. 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 1-year low of $149.50 and a 1-year high of $180.42. The firm's 50-day moving average is $168.74 and its 200-day moving average is $167.69. The stock has a market cap of $77.27 billion, a P/E ratio of 35.11, a P/E/G ratio of 5.67 and a beta of 0.70.
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, beating 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%. Equities research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters's dividend payout ratio is presently 48.67%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on TRI shares. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Scotiabank lifted their target price on shares of 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 upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, CIBC increased their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $182.09.
View Our Latest Analysis on Thomson Reuters
Thomson Reuters Profile
(
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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