Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 22,981.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,464 shares of the business services provider’s stock after purchasing an additional 12,410 shares during the period. Hillsdale Investment Management Inc.’s holdings in Thomson Reuters were worth $1,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRI. Tennessee Valley Asset Management Partners purchased a new stake in Thomson Reuters in the 4th quarter valued at about $37,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Thomson Reuters during the fourth quarter worth about $38,000. Gold Investment Management Ltd. acquired a new position in shares of Thomson Reuters during the fourth quarter worth about $41,000. Principal Securities Inc. acquired a new position in shares of Thomson Reuters during the fourth quarter worth about $48,000. Finally, Fifth Third Bancorp increased its stake in Thomson Reuters by 25.7% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price objective on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada increased their price objective on Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. CIBC increased their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Scotiabank raised their price target on Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price target on Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.64.

Thomson Reuters Stock Up 1.8 %

Shares of TRI traded up $2.92 during trading hours on Monday, hitting $165.58. 368,785 shares of the company were exchanged, compared to its average volume of 366,621. The company has a market cap of $74.46 billion, a PE ratio of 31.54, a PEG ratio of 6.21 and a beta of 0.72. The firm’s 50 day moving average is $168.76 and its 200-day moving average is $159.56. Thomson Reuters Co. has a 52 week low of $117.46 and a 52 week high of $176.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Thomson Reuters Co. will post 3.67 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were issued a dividend of $0.54 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a yield of 1.30%. Thomson Reuters’s dividend payout ratio is 40.57%.

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.