Thomson Reuters Co. (NYSE:TRI) Shares Acquired by PFG Investments LLC

PFG Investments LLC boosted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,823 shares of the business services provider’s stock after purchasing an additional 483 shares during the period. PFG Investments LLC’s holdings in Thomson Reuters were worth $559,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC grew its holdings in Thomson Reuters by 3.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider’s stock worth $741,000 after acquiring an additional 201 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Thomson Reuters by 44.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 12,603 shares of the business services provider’s stock worth $1,542,000 after acquiring an additional 3,901 shares in the last quarter. FMR LLC grew its holdings in Thomson Reuters by 26.3% during the 3rd quarter. FMR LLC now owns 5,657,244 shares of the business services provider’s stock worth $692,059,000 after acquiring an additional 1,179,155 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Thomson Reuters during the 3rd quarter worth $686,000. Finally, Cumberland Partners Ltd grew its holdings in Thomson Reuters by 2.1% during the 3rd quarter. Cumberland Partners Ltd now owns 227,831 shares of the business services provider’s stock worth $27,958,000 after acquiring an additional 4,738 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. TD Securities lifted their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. National Bank Financial lowered shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $153.00 price target on shares of Thomson Reuters in a report on Wednesday, March 13th. Finally, Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $180.00 in a report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.85.

Thomson Reuters Stock Up 0.6 %

TRI stock opened at $155.95 on Thursday. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $161.57. The company has a market capitalization of $70.40 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 4.04 and a beta of 0.66. The firm’s 50-day moving average is $154.89 and its two-hundred day moving average is $141.18. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. Thomson Reuters’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. On average, analysts forecast that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.39%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. Thomson Reuters’s payout ratio is currently 36.99%.

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.