Forsta AP Fonden Boosts Stake in Thomson Reuters Co. (NYSE:TRI)

Forsta AP Fonden boosted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,388 shares of the business services provider’s stock after purchasing an additional 2,500 shares during the quarter. Forsta AP Fonden’s holdings in Thomson Reuters were worth $11,939,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 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 worth $1,250,000 after purchasing an additional 3,417 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in Thomson Reuters during the third quarter worth $4,506,000. Icon Wealth Advisors LLC boosted its position in Thomson Reuters by 547.4% during the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 6,716 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after acquiring an additional 252 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Thomson Reuters in the third quarter worth $2,127,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 0.5 %

Shares of NYSE TRI opened at $167.03 on Thursday. The stock has a market capitalization of $75.16 billion, a P/E ratio of 32.88, a PEG ratio of 5.18 and a beta of 0.72. The stock’s 50 day moving average price is $162.82 and its two-hundred day moving average price is $165.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 52-week low of $148.16 and a 52-week high of $176.03.

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

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is currently 42.52%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company began coverage on Thomson Reuters in a research note on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 target price for the company. CIBC upped their target price on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. 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 report on Wednesday, November 6th. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and an average target price of $176.10.

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.