International Assets Investment Management LLC Acquires Shares of 78,228 Thomson Reuters Co. (NYSE:TRI)

International Assets Investment Management LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 78,228 shares of the business services provider’s stock, valued at approximately $11,438,000.

A number of other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of Thomson Reuters by 25.7% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 78 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in shares of Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 82 shares in the last quarter. Advisor OS LLC boosted its stake in shares of Thomson Reuters by 5.2% during the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 86 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Thomson Reuters by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock valued at $897,000 after purchasing an additional 93 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in shares of Thomson Reuters by 3.7% during the 3rd quarter. Financial Advocates Investment Management now owns 2,771 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 1.1 %

Shares of Thomson Reuters stock opened at $164.74 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $74.35 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 4.29 and a beta of 0.65. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $166.11. The company has a 50-day simple moving average of $155.38 and a two-hundred day simple moving average of $146.67.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.17. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.43%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Thomson Reuters Co. will post 3.58 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 annualized dividend and a dividend yield of 1.31%. Thomson Reuters’s payout ratio is 41.33%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TRI shares. UBS Group lifted their target price on shares of Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday. CIBC boosted their price objective on shares of Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $164.31.

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.