Charles Schwab Investment Management Inc. Has $52.71 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Charles Schwab Investment Management Inc. lifted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,406 shares of the business services provider’s stock after acquiring an additional 9,693 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.07% of Thomson Reuters worth $52,708,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters during the fourth quarter worth about $33,000. Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the third quarter worth about $47,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Thomson Reuters by 51.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 880 shares of the business services provider’s stock worth $141,000 after purchasing an additional 298 shares during the period. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRI. Wells Fargo & Company upped their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their target price 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 Thursday, March 6th. The Goldman Sachs Group increased their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, CIBC increased their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters has an average rating of “Hold” and an average price target of $177.80.

Thomson Reuters Stock Performance

NYSE:TRI opened at $170.01 on Friday. The company has a market capitalization of $76.51 billion, a PE ratio of 34.77, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a 50 day simple moving average of $169.35 and a two-hundred day simple moving average of $167.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 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%. Research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

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.