Vista Investment Partners II LLC Invests $2.64 Million in Thomson Reuters Co. (NYSE:TRI)

Vista Investment Partners II LLC bought a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,458 shares of the business services provider's stock, valued at approximately $2,640,000. Thomson Reuters accounts for about 1.6% of Vista Investment Partners II LLC's holdings, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Advisors MI raised its position in Thomson Reuters by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after buying an additional 62 shares during the last quarter. NewSquare Capital LLC lifted its holdings in shares of Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. lifted its holdings 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 valued at $192,000 after buying an additional 64 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after purchasing an additional 66 shares during the last quarter. Finally, Addison Advisors LLC increased its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after purchasing an additional 68 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Remove Ads

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded down $1.01 on Thursday, reaching $170.01. 413,215 shares of the company traded hands, compared to its average volume of 460,317. The firm has a market capitalization of $76.51 billion, a PE ratio of 34.77, a PEG ratio of 5.67 and a beta of 0.70. 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 50 day moving average of $169.18 and a 200 day moving average of $167.75. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42.

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 (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.40%. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. CIBC increased their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank lifted their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research report on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Canaccord Genuity Group upped their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $182.09.

About Thomson Reuters

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.