Thomson Reuters Co. (NYSE:TRI) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lowered its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,500 shares of the business services provider's stock after selling 15,907 shares during the quarter. Thomson Reuters comprises 1.7% of Triasima Portfolio Management inc.'s portfolio, making the stock its 14th biggest holding. Triasima Portfolio Management inc.'s holdings in Thomson Reuters were worth $8,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Strategic Investment Advisors MI increased its holdings in shares of Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after purchasing an additional 62 shares during the period. Pacer Advisors Inc. raised its position in Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after buying an additional 64 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after acquiring an additional 66 shares during the period. Signaturefd LLC increased its stake in shares of Thomson Reuters by 1.2% during the third quarter. Signaturefd LLC now owns 7,549 shares of the business services provider's stock worth $1,288,000 after acquiring an additional 92 shares during the period. Finally, PDS Planning Inc increased its position in Thomson Reuters by 5.7% during the 3rd quarter. PDS Planning Inc now owns 2,237 shares of the business services provider's stock worth $382,000 after purchasing an additional 121 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Trading Down 0.1 %

Thomson Reuters stock traded down $0.22 during trading on Tuesday, reaching $178.72. The company had a trading volume of 214,441 shares, compared to its average volume of 353,609. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $80.42 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $179.45. The stock's 50 day moving average price is $164.55 and its two-hundred day moving average price is $165.62.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data 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%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters's dividend payout ratio is 44.17%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Wednesday, January 8th. Canaccord Genuity Group raised their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday. Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price objective 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. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Thomson Reuters has an average rating of "Hold" and an average 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.