Addison Advisors LLC Has $204,000 Position in Thomson Reuters Co. (NYSE:TRI)

Addison Advisors LLC lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,271 shares of the business services provider’s stock after buying an additional 68 shares during the period. Addison Advisors LLC’s holdings in Thomson Reuters were worth $204,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRI. Aigen Investment Management LP boosted its position in Thomson Reuters by 87.4% during the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $4,506,000. Atomi Financial Group Inc. boosted its holdings in shares of Thomson Reuters by 16.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after buying an additional 252 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after buying an additional 395,481 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Thomson Reuters in the third quarter valued at $2,127,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 0.2 %

NYSE TRI opened at $176.66 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market cap of $79.50 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 5.67 and a beta of 0.73. The company has a 50 day moving average of $165.99 and a 200-day moving average of $166.77. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $179.45.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, equities research analysts expect 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 will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a dividend of $0.595 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.35%. Thomson Reuters’s dividend payout ratio is currently 48.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. CIBC increased their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Scotiabank upped their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $182.09.

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.