Thomson Reuters Co. (NYSE:TRI) Stake Lifted by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,349 shares of the business services provider’s stock after buying an additional 102 shares during the quarter. HighTower Advisors LLC’s holdings in Thomson Reuters were worth $1,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TRI. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at $27,000. Atomi Financial Group Inc. raised its position in Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after buying an additional 252 shares during the period. CIBC Asset Management Inc raised its position in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after buying an additional 395,481 shares during the period. Qsemble Capital Management LP acquired a new position in Thomson Reuters in the 3rd quarter worth about $2,127,000. Finally, Park Avenue Securities LLC increased its position in Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after purchasing an additional 526 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRI shares. Scotiabank increased their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Thomson Reuters has an average rating of “Hold” and an average target price of $177.56.

Thomson Reuters Trading Down 0.0 %

Shares of NYSE:TRI opened at $170.01 on Monday. The business’s 50 day simple moving average is $170.78 and its 200 day simple moving average is $167.81. The company has a market capitalization of $76.58 billion, a P/E ratio of 34.77, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (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 return on equity of 14.62% and a net margin of 30.45%. On average, research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

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