Advisors Capital Management LLC Invests $216,000 in Thomson Reuters Co. $TRI

Advisors Capital Management LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,250 shares of the business services provider’s stock, valued at approximately $216,000.

Several other large investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. raised its position in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after acquiring an additional 139 shares in the last quarter. Investment Management Corp VA ADV purchased a new position in Thomson Reuters in the fourth quarter worth $29,000. SBI Securities Co. Ltd. raised its position in Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider’s stock worth $41,000 after acquiring an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Thomson Reuters by 25.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider’s stock worth $71,000 after acquiring an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Thomson Reuters by 42.8% in the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider’s stock worth $84,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.3%

TRI opened at $172.99 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $77.96 billion, a P/E ratio of 35.38, a PEG ratio of 5.67 and a beta of 0.74. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42. The business’s fifty day simple moving average is $187.80 and its 200 day simple moving average is $185.46.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.4%. Thomson Reuters’s dividend payout ratio (DPR) is presently 65.75%.

Analyst Ratings Changes

Several research analysts have issued reports on TRI shares. National Bankshares reiterated an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. CIBC upgraded Thomson Reuters from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 19th. Canaccord Genuity Group increased their price objective on Thomson Reuters from $181.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Royal Bank Of Canada dropped their price target on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating for the company in a research report on Thursday, August 7th. Finally, Scotiabank upgraded Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.82.

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.