Fiera Capital Corp Cuts Position in Thomson Reuters Co. (NYSE:TRI)

Fiera Capital Corp lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,497,767 shares of the business services provider’s stock after selling 187,116 shares during the quarter. Thomson Reuters makes up 1.3% of Fiera Capital Corp’s holdings, making the stock its 24th largest position. Fiera Capital Corp owned about 0.56% of Thomson Reuters worth $400,649,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRI. AQR Capital Management LLC acquired a new position in Thomson Reuters during the second quarter worth $236,000. SG Americas Securities LLC raised its position in shares of Thomson Reuters by 59.6% during the 3rd quarter. SG Americas Securities LLC now owns 2,095 shares of the business services provider’s stock worth $357,000 after purchasing an additional 782 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares during the last quarter. Creative Planning lifted its stake in Thomson Reuters by 9.0% in the 3rd quarter. Creative Planning now owns 18,342 shares of the business services provider’s stock valued at $3,129,000 after buying an additional 1,514 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after buying an additional 130 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $175.89 on Thursday. The business has a 50-day simple moving average of $164.83 and a 200-day simple moving average of $165.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $179.45. The company has a market cap of $79.15 billion, a PE ratio of 35.97, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating 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 research analysts forecast that Thomson Reuters Co. will post 3.96 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a yield of 1.35%. Thomson Reuters’s payout ratio is 44.17%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research reports. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Finally, Scotiabank boosted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Thomson Reuters has an average rating of “Hold” and an average target price of $182.09.

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.