Griffin Asset Management Inc. Has $1.04 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Griffin Asset Management Inc. lifted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,475 shares of the business services provider’s stock after buying an additional 300 shares during the period. Griffin Asset Management Inc.’s holdings in Thomson Reuters were worth $1,038,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in shares of Thomson Reuters in the 4th quarter worth $26,000. Asset Dedication LLC lifted its holdings in Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group bought a new stake in Thomson Reuters during the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters during the third quarter valued at about $47,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Scotiabank upped their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company initiated coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective on the stock. Finally, CIBC lifted their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.10.

Thomson Reuters Trading Up 0.7 %

NYSE:TRI opened at $164.38 on Tuesday. The business has a fifty day moving average price of $162.65 and a 200-day moving average price of $165.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a one year low of $148.16 and a one year high of $176.03. The firm has a market capitalization of $73.97 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72.

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

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

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.