Wealthstar Advisors LLC Purchases Shares of 8,075 Thomson Reuters Co. (NYSE:TRI)

Wealthstar Advisors LLC bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,075 shares of the business services provider's stock, valued at approximately $1,295,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRI. National Bank of Canada FI increased its holdings in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after buying an additional 516,715 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock valued at $439,665,000 after buying an additional 255,387 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Thomson Reuters by 909.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock valued at $35,815,000 after buying an additional 189,199 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Thomson Reuters in the third quarter valued at $29,250,000. Finally, Prana Capital Management LP bought a new position in shares of Thomson Reuters in the third quarter valued at $19,143,000. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 1.7 %

Shares of NYSE TRI traded up $3.05 during mid-day trading on Thursday, reaching $178.93. The company had a trading volume of 635,171 shares, compared to its average volume of 381,906. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $179.45. 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 stock has a market capitalization of $80.52 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The stock's 50 day moving average is $164.97 and its 200-day moving average is $165.81.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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 14.78%. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.33%. This is an increase 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 presently 44.17%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. CIBC upped their price target 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 stock a "sector outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has an average rating of "Hold" and an average price target 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.