O Shaughnessy Asset Management LLC Sells 8,944 Shares of Thomson Reuters Co. (NYSE:TRI)

O Shaughnessy Asset Management LLC reduced its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,766 shares of the business services provider’s stock after selling 8,944 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Thomson Reuters were worth $4,293,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Strategic Investment Advisors MI increased its stake in shares of Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after purchasing an additional 62 shares during the period. NewSquare Capital LLC increased its position in 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 buying an additional 62 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of 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 buying an additional 64 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 66 shares during the period. Finally, Addison Advisors LLC grew its stake in shares of 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 acquiring an additional 68 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Scotiabank lifted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group increased their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Stock Up 0.8 %

Shares of NYSE TRI opened at $175.53 on Thursday. The company has a market cap of $79.01 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 5.67 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.42. The stock has a 50-day moving average price of $173.02 and a two-hundred day moving average price of $167.96.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 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%. As a group, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. 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.