Signaturefd LLC Boosts Stake in Thomson Reuters Co. (NYSE:TRI)

Signaturefd LLC boosted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,965 shares of the business services provider’s stock after buying an additional 416 shares during the quarter. Signaturefd LLC’s holdings in Thomson Reuters were worth $1,277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its stake in Thomson Reuters by 4.2% in the 4th quarter. Natixis Advisors LLC now owns 14,427 shares of the business services provider’s stock valued at $2,314,000 after buying an additional 584 shares in the last quarter. Intact Investment Management Inc. lifted its stake in Thomson Reuters by 8,152.6% in the 4th quarter. Intact Investment Management Inc. now owns 75,099 shares of the business services provider’s stock valued at $12,057,000 after buying an additional 74,189 shares in the last quarter. Aviso Financial Inc. raised its holdings in Thomson Reuters by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 74,163 shares of the business services provider’s stock valued at $11,906,000 after acquiring an additional 687 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Thomson Reuters in the 4th quarter valued at $4,722,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Thomson Reuters by 2.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 23,185 shares of the business services provider’s stock valued at $3,735,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.9 %

Shares of NYSE TRI opened at $172.34 on Wednesday. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $180.42. The company has a market cap of $77.57 billion, a P/E ratio of 35.24, a P/E/G ratio of 5.67 and a beta of 0.70. 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 stock has a fifty day moving average price of $170.05 and a 200 day moving average price of $167.80.

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

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s dividend payout ratio is currently 48.67%.

Analysts Set New Price Targets

Several brokerages have weighed in on TRI. 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 report on Friday, February 7th. Scotiabank boosted their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Canaccord Genuity Group boosted their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $177.56.

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.