Impact Investors Inc Takes Position in Thomson Reuters Co. (NYSE:TRI)

Impact Investors Inc acquired a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,794 shares of the business services provider’s stock, valued at approximately $769,000.

A number of other hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP increased its position 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 valued at $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Meridian Wealth Management LLC bought a new position in Thomson Reuters in the 3rd quarter worth $4,506,000. Atomi Financial Group Inc. lifted its position in Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 252 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after purchasing an additional 395,481 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in Thomson Reuters in the third quarter worth about $2,127,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Scotiabank raised 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $182.09.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $179.32 on Wednesday. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.02. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $166.25 and its 200 day moving average is $166.89. The company has a market cap of $80.70 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its 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 net margin of 30.45% and a return on equity of 14.62%. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a $0.595 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.33%. Thomson Reuters’s payout ratio is 48.67%.

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.