Larson Financial Group LLC Raises Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Larson Financial Group LLC boosted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,915 shares of the business services provider’s stock after purchasing an additional 601 shares during the period. Larson Financial Group LLC’s holdings in Thomson Reuters were worth $2,886,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TRI. TD Asset Management Inc lifted its stake in shares of Thomson Reuters by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider’s stock valued at $686,640,000 after buying an additional 26,483 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock worth $458,559,000 after acquiring an additional 27,714 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after purchasing an additional 255,387 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Thomson Reuters by 9.4% in the second quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock worth $245,893,000 after buying an additional 125,167 shares in the last quarter. Finally, Cibc World Market Inc. boosted its stake in shares of Thomson Reuters by 26.3% in the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock valued at $223,525,000 after purchasing an additional 276,206 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.4 %

Shares of TRI stock opened at $161.20 on Friday. 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 1 year low of $138.09 and a 1 year high of $176.03. The company has a market cap of $72.53 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73. The stock’s 50 day simple moving average is $167.38 and its two-hundred day simple moving average is $167.25.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced 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 company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. Research analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.54 per share. This is a boost 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 1.34%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is 42.52%.

Analyst Ratings Changes

TRI has been the subject of several analyst reports. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted 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. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Finally, Scotiabank raised their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.33.

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.