West Family Investments Inc. Has $719,000 Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

West Family Investments Inc. increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.1% during the third quarter, HoldingsChannel reports. The fund owned 4,216 shares of the business services provider’s stock after acquiring an additional 126 shares during the quarter. West Family Investments Inc.’s holdings in Thomson Reuters were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Thomson Reuters during the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. Asset Dedication LLC boosted its position in shares of Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the period. Clean Yield Group acquired a new position in Thomson Reuters in the third quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC acquired a new position in Thomson Reuters during the third quarter worth about $47,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE TRI opened at $162.01 on Tuesday. Thomson Reuters Co. has a twelve month low of $136.93 and a twelve month high of $176.03. The stock has a market capitalization of $72.89 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 5.47 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $168.29 and a 200 day moving average of $167.40.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s payout ratio is presently 42.52%.

Analyst Ratings Changes

TRI has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada lifted their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Finally, Scotiabank boosted their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Thomson Reuters has an average rating of “Hold” and an average price target of $176.33.

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.