Sanctuary Advisors LLC Grows Stake in Thomson Reuters Co. (NYSE:TRI)

Sanctuary Advisors LLC lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 8.5% during the 4th quarter, HoldingsChannel reports. The firm owned 4,913 shares of the business services provider’s stock after buying an additional 383 shares during the period. Sanctuary Advisors LLC’s holdings in Thomson Reuters were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRI. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters during the third quarter worth about $47,000. Nisa Investment Advisors LLC grew its holdings in shares of Thomson Reuters by 67.6% during the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. increased its position in shares of Thomson Reuters by 25.9% in the fourth quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock worth $142,000 after purchasing an additional 171 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Thomson Reuters in the third quarter valued at approximately $155,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. CIBC boosted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $176.44 on Friday. 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 Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.01. The company has a market capitalization of $79.40 billion, a P/E ratio of 36.08, a PEG ratio of 5.67 and a beta of 0.73. The stock has a 50 day moving average price of $166.78 and a two-hundred day moving average price of $167.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a $0.595 dividend. The ex-dividend date is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

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.