Steward Partners Investment Advisory LLC Buys 298 Shares of Thomson Reuters Co. (NYSE:TRI)

Steward Partners Investment Advisory LLC increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 51.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880 shares of the business services provider’s stock after purchasing an additional 298 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Thomson Reuters were worth $141,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter worth about $27,000. Meridian Wealth Management LLC acquired a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $4,506,000. Atomi Financial Group Inc. raised its stake in shares of Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after buying an additional 252 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after buying an additional 395,481 shares during the period. Finally, Icon Wealth Advisors LLC boosted its stake in Thomson Reuters by 547.4% in the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock valued at $1,355,000 after acquiring an additional 6,716 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on TRI. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. CIBC increased their target price on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Canaccord Genuity Group increased their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, Scotiabank lifted their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Up 1.3 %

NYSE:TRI opened at $172.17 on Monday. The firm has a market capitalization of $77.49 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The stock’s 50 day moving average price is $169.55 and its two-hundred day moving average price is $167.76. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was 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 1.38%. Thomson Reuters’s dividend payout ratio is 48.67%.

Thomson Reuters 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.