SBI Securities Co. Ltd. Makes New Investment in Thomson Reuters Co. (NYSE:TRI)

SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 167 shares of the business services provider’s stock, valued at approximately $27,000.

A number of other large investors have also modified their holdings of TRI. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $26,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the 4th quarter worth approximately $33,000. Ashton Thomas Securities LLC acquired a new stake in Thomson Reuters during the 3rd quarter worth approximately $47,000. Blue Trust Inc. raised its holdings in shares of Thomson Reuters by 25.9% in the 4th quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 171 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Thomson Reuters in the 4th quarter valued at $186,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI stock opened at $170.01 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. The firm 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 firm has a 50-day moving average of $169.35 and a two-hundred day moving average of $167.76.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 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 14.62%. On average, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

Wall Street Analysts Forecast Growth

TRI has been the topic of several research reports. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $177.80.

Thomson Reuters Company 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.