Ameriprise Financial Inc. Raises Position in Thomson Reuters Co. (NYSE:TRI)

Ameriprise Financial Inc. grew its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,663 shares of the business services provider’s stock after acquiring an additional 313 shares during the period. Ameriprise Financial Inc.’s holdings in Thomson Reuters were worth $5,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TRI. Curio Wealth LLC purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters during the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC boosted its holdings in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after buying an additional 136 shares in the last quarter. Finally, GeoWealth Management LLC boosted its holdings in Thomson Reuters by 1,306.6% during the fourth quarter. GeoWealth Management LLC now owns 858 shares of the business services provider’s stock worth $138,000 after buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE:TRI opened at $195.12 on Friday. The firm has a 50 day simple moving average of $179.56 and a 200-day simple moving average of $171.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $87.90 billion, a PE ratio of 39.90, a P/E/G ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $196.27.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. On average, equities analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, May 15th. Thomson Reuters’s dividend payout ratio is presently 49.69%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. Barclays boosted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, CIBC upped their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $183.70.

About Thomson Reuters

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.