Thomson Reuters Co. (NYSE:TRI) Shares Sold by Tacita Capital Inc

Tacita Capital Inc cut its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,532 shares of the business services provider’s stock after selling 384 shares during the quarter. Tacita Capital Inc’s holdings in Thomson Reuters were worth $1,527,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aigen Investment Management LP raised its stake in shares of Thomson Reuters by 87.4% during the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after buying an additional 3,417 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $4,506,000. Atomi Financial Group Inc. raised its stake in shares of Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after buying an additional 252 shares during the period. CIBC Asset Management Inc raised its stake in shares of Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after buying an additional 395,481 shares during the period. Finally, Qsemble Capital Management LP acquired a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $2,127,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $178.53 on Tuesday. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The business’s fifty day simple moving average is $167.42 and its 200-day simple moving average is $167.30. The firm has a market cap of $80.35 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS 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%. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This is a positive change 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 1.33%. Thomson Reuters’s dividend payout ratio is presently 48.67%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRI. Scotiabank upped their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada upped 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. JPMorgan Chase & Co. upped their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group boosted their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and a consensus 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.