Thomson Reuters Co. (NYSE:TRI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 69.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,996 shares of the business services provider's stock after selling 4,500 shares during the period. Yousif Capital Management LLC's holdings in Thomson Reuters were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRI. Strategic Investment Advisors MI lifted its stake in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after acquiring an additional 62 shares during the period. Pacer Advisors Inc. increased its holdings in shares of 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 purchasing an additional 64 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings 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 valued at $722,000 after purchasing an additional 66 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Thomson Reuters by 1.2% during the 3rd quarter. Signaturefd LLC now owns 7,549 shares of the business services provider's stock valued at $1,288,000 after purchasing an additional 92 shares in the last quarter. Finally, PDS Planning Inc increased its holdings in shares of Thomson Reuters by 5.7% during the 3rd quarter. PDS Planning Inc now owns 2,237 shares of the business services provider's stock valued at $382,000 after purchasing an additional 121 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

TRI traded down $0.22 on Friday, hitting $176.58. 819,138 shares of the company's stock were exchanged, compared to its average volume of 437,789. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $179.45. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $165.80 and a 200-day moving average price of $166.53. The stock has a market cap of $79.46 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 5.54 and a beta of 0.73.

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, topping 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%. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given 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 of this dividend is Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. Thomson Reuters's payout ratio is presently 44.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Scotiabank boosted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus price target 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.