Physician Wealth Advisors Inc. Invests $173,000 in Thomson Reuters Co. (NYSE:TRI)

Physician Wealth Advisors Inc. bought a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,081 shares of the business services provider’s stock, valued at approximately $173,000.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Investment Advisors MI lifted its holdings in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after buying an additional 62 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock worth $695,000 after acquiring an additional 62 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Thomson Reuters by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after purchasing an additional 64 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. CIBC raised their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank lifted their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $171.01 on Monday. The stock’s 50-day moving average price is $172.29 and its 200 day moving average price is $167.91. 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 stock has a market capitalization of $76.97 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42.

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 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%. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s payout ratio is currently 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.