PAX Financial Group LLC Sells 340 Shares of Thomson Reuters Co. (NYSE:TRI)

PAX Financial Group LLC decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,024 shares of the business services provider’s stock after selling 340 shares during the quarter. PAX Financial Group LLC’s holdings in Thomson Reuters were worth $485,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the 4th quarter valued at approximately $26,000. Curio Wealth LLC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. CIBC raised their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Canaccord Genuity Group increased their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and an average price target of $177.56.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $165.98 on Friday. The business’s fifty day moving average is $173.30 and its two-hundred day moving average is $167.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The firm has a market cap of $74.71 billion, a P/E ratio of 33.94, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.43%. Thomson Reuters’s dividend payout ratio is currently 48.67%.

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.