Tobam Decreases Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Tobam lowered its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,679 shares of the business services provider's stock after selling 1,493 shares during the period. Tobam's holdings in Thomson Reuters were worth $1,392,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Financial Advocates Investment Management boosted its holdings in Thomson Reuters by 10.9% in the fourth quarter. Financial Advocates Investment Management now owns 1,521 shares of the business services provider's stock valued at $244,000 after acquiring an additional 149 shares in the last quarter. Avitas Wealth Management LLC increased its stake in shares of Thomson Reuters by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 21,283 shares of the business services provider's stock worth $3,413,000 after acquiring an additional 146 shares in the last quarter. Spire Wealth Management purchased a new position in Thomson Reuters during the 4th quarter valued at about $316,000. First Affirmative Financial Network increased its stake in shares of Thomson Reuters by 15.1% during the fourth quarter. First Affirmative Financial Network now owns 2,200 shares of the business services provider's stock valued at $353,000 after purchasing an additional 288 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in shares of Thomson Reuters by 3.5% in the 4th quarter. Forsta AP Fonden now owns 74,388 shares of the business services provider's stock worth $11,939,000 after buying an additional 2,500 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Shares of NYSE TRI traded down $0.02 during midday trading on Tuesday, reaching $178.91. 204,660 shares of the stock traded hands, compared to its average volume of 353,221. The company's 50 day moving average is $164.55 and its 200 day moving average is $165.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $80.51 billion, a PE ratio of 36.52, a P/E/G ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $179.45.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. On average, equities research analysts anticipate that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. Thomson Reuters's dividend payout ratio (DPR) is presently 44.17%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. The Goldman Sachs Group upped their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday. Scotiabank lifted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $182.09.

Thomson Reuters Company 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.