Tennessee Valley Asset Management Partners Invests $37,000 in Thomson Reuters Co. (NYSE:TRI)

Tennessee Valley Asset Management Partners purchased a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 250 shares of the business services provider’s stock, valued at approximately $37,000.

A number of other large investors have also recently made changes to their positions in TRI. Ritholtz Wealth Management boosted its holdings in shares of Thomson Reuters by 4.9% in the third quarter. Ritholtz Wealth Management now owns 4,453 shares of the business services provider’s stock worth $545,000 after acquiring an additional 209 shares during the period. Capital Investment Advisors LLC bought a new position in shares of Thomson Reuters in the third quarter worth $209,000. Capital Asset Advisory Services LLC bought a new position in shares of Thomson Reuters in the third quarter worth $219,000. Covenant Partners LLC bought a new position in shares of Thomson Reuters in the third quarter worth $419,000. Finally, Commonwealth Equity Services LLC boosted its stake in Thomson Reuters by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock valued at $897,000 after buying an additional 93 shares during the period. 17.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $153.00 price objective on shares of Thomson Reuters in a research note on Wednesday, March 13th. CIBC lifted their price objective on Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. TD Securities lifted their price objective on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Scotiabank lifted their price objective on Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Finally, National Bank Financial raised Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $157.42.

Thomson Reuters Stock Up 0.4 %

TRI opened at $153.59 on Wednesday. The company has a market cap of $69.33 billion, a P/E ratio of 26.30, a P/E/G ratio of 3.91 and a beta of 0.65. The business’s 50-day moving average price is $155.86 and its 200-day moving average price is $145.04. 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 Co. has a 12 month low of $117.46 and a 12 month 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 the consensus estimate of $0.92 by $0.06. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities analysts expect that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.54 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.41%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. Thomson Reuters’s 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.