Rhumbline Advisers Sells 1,721 Shares of Thomson Reuters Co. (NYSE:TRI)

Rhumbline Advisers decreased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 28.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,388 shares of the business services provider’s stock after selling 1,721 shares during the period. Rhumbline Advisers’ holdings in Thomson Reuters were worth $704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Investment Advisors MI boosted its position in Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after buying an additional 62 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 64 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in 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 acquiring an additional 66 shares during the period. West Family Investments Inc. grew its position in Thomson Reuters by 3.1% during the 3rd quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock worth $719,000 after acquiring an additional 126 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in Thomson Reuters by 4.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 3,068 shares of the business services provider’s stock worth $523,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRI. Canaccord Genuity Group increased their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $182.09.

Thomson Reuters Price Performance

Shares of TRI opened at $177.66 on Friday. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.42. The firm’s 50-day simple moving average is $168.49 and its two-hundred day simple moving average is $167.59. The stock has a market cap of $79.96 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73. 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 (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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%. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.34%. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

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.