TD Waterhouse Canada Inc. cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,248 shares of the business services provider's stock after selling 2,290 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Thomson Reuters were worth $26,186,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. SkyView Investment Advisors LLC increased its position in Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after buying an additional 66 shares during the last quarter. World Investment Advisors LLC bought a new stake in Thomson Reuters in the 3rd quarter valued at about $6,649,000. JCIC Asset Management Inc. lifted its holdings in Thomson Reuters by 1.5% during the fourth quarter. JCIC Asset Management Inc. now owns 26,360 shares of the business services provider's stock valued at $4,230,000 after purchasing an additional 395 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Thomson Reuters by 23.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Thomson Reuters by 26.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock valued at $409,000 after buying an additional 526 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Wells Fargo & Company boosted 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. CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. 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 report on Friday, February 7th. Scotiabank upped their target price 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, JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $177.80.
Read Our Latest Analysis on Thomson Reuters
Thomson Reuters Trading Down 0.2 %
NYSE:TRI traded down $0.37 during trading hours on Friday, hitting $181.66. The company had a trading volume of 633,364 shares, compared to its average volume of 411,296. The stock has a 50-day moving average price of $174.09 and a 200 day moving average price of $168.53. Thomson Reuters Co. has a 52 week low of $149.80 and a 52 week high of $184.17. 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 company has a market capitalization of $81.76 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results 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%. On average, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This is a boost 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%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio is currently 48.67%.
Thomson Reuters Company 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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