Quilter Plc Sells 145 Shares of Thomson Reuters Co. (NYSE:TRI)

Quilter Plc cut its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,296 shares of the business services provider’s stock after selling 145 shares during the quarter. Quilter Plc’s holdings in Thomson Reuters were worth $689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Thomson Reuters in the 4th quarter valued at $26,000. Asset Dedication LLC increased its holdings in shares of Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 130 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at $47,000. Exchange Traded Concepts LLC increased its holdings in shares of Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 167 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 200 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on TRI shares. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday. Scotiabank boosted their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday. The Goldman Sachs Group boosted their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $176.56 on Monday. The stock has a market cap of $79.45 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The business has a 50-day simple moving average of $164.26 and a 200-day simple moving average of $165.49. 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 $149.14 and a 52-week high of $178.35.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. On average, equities analysts expect that Thomson Reuters Co. will post 3.96 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.35%. Thomson Reuters’s dividend payout ratio is presently 44.17%.

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.