Plato Investment Management Ltd lowered its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 47.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,504 shares of the business services provider's stock after selling 12,214 shares during the quarter. Plato Investment Management Ltd's holdings in Thomson Reuters were worth $2,175,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in Thomson Reuters in the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters in the fourth quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters during the fourth quarter worth about $33,000. Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the 3rd quarter valued at approximately $47,000. Finally, Nisa Investment Advisors LLC grew its holdings in Thomson Reuters by 67.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider's stock valued at $85,000 after buying an additional 200 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.
Thomson Reuters Trading Up 1.5 %
TRI traded up $2.58 during trading on Friday, hitting $177.66. 324,291 shares of the stock were exchanged, compared to its average volume of 457,035. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a 50 day simple moving average of $168.17 and a 200 day simple moving average of $167.50. The firm has a market cap of $79.96 billion, a price-to-earnings ratio of 36.33, a P/E/G 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.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data 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 net margin of 30.45% and a return on equity of 14.62%. As a group, equities analysts expect 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. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. The ex-dividend date is 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 yield of 1.34%. Thomson Reuters's payout ratio is currently 48.67%.
Wall Street Analyst Weigh In
TRI has been the subject of a number of research reports. Wells Fargo & Company upped their target price 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. The Goldman Sachs Group increased their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" 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 Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Finally, Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $182.09.
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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.
Further Reading
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