Savant Capital LLC Acquires 199 Shares of Thomson Reuters Co. (NYSE:TRI)

Savant Capital LLC lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,733 shares of the business services provider’s stock after purchasing an additional 199 shares during the period. Savant Capital LLC’s holdings in Thomson Reuters were worth $438,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRI. Decker Retirement Planning Inc. bought a new position in shares of Thomson Reuters during the 4th quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in Thomson Reuters in the 3rd quarter worth $47,000. Exchange Traded Concepts LLC grew its holdings in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 167 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after acquiring an additional 200 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Thomson Reuters in the 3rd quarter worth $86,000. Institutional investors own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRI. 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 report on Friday, February 7th. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Finally, Scotiabank raised 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Trading Down 2.8 %

NYSE:TRI opened at $173.93 on Monday. The company has a 50-day moving average price of $165.24 and a 200-day moving average price of $166.02. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $179.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $78.27 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that Thomson Reuters Co. will post 3.96 EPS for the current 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 is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 44.17%.

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.