Yousif Capital Management LLC Has $320,000 Position in Thomson Reuters Co. (NYSE:TRI)

Yousif Capital Management LLC trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 69.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRI. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters during the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in Thomson Reuters in the 3rd quarter valued at $47,000. Exchange Traded Concepts LLC raised 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 period. Nisa Investment Advisors LLC lifted its position in Thomson Reuters by 67.6% during 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 during the third quarter valued at about $86,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Down 2.8 %

Shares of TRI stock opened at $173.93 on Tuesday. The company has a market capitalization of $78.27 billion, a P/E ratio of 35.57, a P/E/G 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 company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $165.24 and a 200 day moving average price of $166.05.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its 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%. Research analysts forecast 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. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is presently 44.17%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Royal Bank of Canada increased their price target 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. Finally, Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters 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.