Natixis Advisors L.P. Purchases 2,953 Shares of Thomson Reuters Co. (NYSE:TRI)

Natixis Advisors L.P. grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 89,507 shares of the business services provider’s stock after acquiring an additional 2,953 shares during the period. Natixis Advisors L.P.’s holdings in Thomson Reuters were worth $13,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont purchased a new stake in shares of Thomson Reuters in the third quarter worth approximately $27,000. Pacifica Partners Inc. grew its stake in shares of Thomson Reuters by 162.0% in the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after acquiring an additional 149 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at about $37,000. GPS Wealth Strategies Group LLC purchased a new position in Thomson Reuters during the fourth quarter worth about $38,000. Finally, Operose Advisors LLC bought a new stake in Thomson Reuters in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group upped their target price on Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Royal Bank of Canada raised their target price on Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. Scotiabank lifted their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $164.31.

Thomson Reuters Stock Performance

NYSE TRI opened at $166.97 on Wednesday. The company’s 50 day simple moving average is $155.73 and its two-hundred day simple moving average is $147.30. The stock has a market capitalization of $75.35 billion, a PE ratio of 31.80, a P/E/G ratio of 4.52 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $168.28.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. Analysts predict that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is 41.14%.

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.