Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Financial Counselors Inc.

Financial Counselors Inc. lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,207 shares of the business services provider’s stock after purchasing an additional 145 shares during the period. Financial Counselors Inc.’s holdings in Thomson Reuters were worth $323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC raised its position in Thomson Reuters by 134.9% during the first quarter. Belpointe Asset Management LLC now owns 195 shares of the business services provider’s stock worth $25,000 after acquiring an additional 112 shares during the last quarter. Trust Co. of Vermont acquired a new position in Thomson Reuters during the third quarter worth about $27,000. FinTrust Capital Advisors LLC acquired a new position in Thomson Reuters during the third quarter worth about $28,000. Pacifica Partners Inc. raised its position in Thomson Reuters by 162.0% during the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after acquiring an additional 149 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in Thomson Reuters during the third 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 recently issued reports on the stock. Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Scotiabank increased their price target on Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $153.00 price target on shares of Thomson Reuters in a research note on Wednesday, March 13th. TD Securities increased their price target on Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. Finally, National Bank Financial lowered Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.42.

Thomson Reuters Trading Down 1.4 %

TRI stock opened at $152.38 on Friday. The company has a market cap of $68.79 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 3.97 and a beta of 0.65. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $155.94 and a 200-day simple moving average of $143.46. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $161.57.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data 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. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.42%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio is currently 36.99%.

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.