Strategic Investment Advisors MI Buys 62 Shares of Thomson Reuters Co. (NYSE:TRI)

Strategic Investment Advisors MI increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,318 shares of the business services provider’s stock after purchasing an additional 62 shares during the quarter. Strategic Investment Advisors MI’s holdings in Thomson Reuters were worth $372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Decker Retirement Planning Inc. bought a new position in Thomson Reuters during the fourth quarter valued at $26,000. Asset Dedication LLC grew its holdings in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group purchased a new stake in Thomson Reuters in the 3rd quarter worth about $42,000. Ashton Thomas Securities LLC bought a new stake in Thomson Reuters in the third quarter worth about $47,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Up 0.7 %

Shares of NYSE:TRI opened at $164.38 on Tuesday. The company has a market capitalization of $73.97 billion, a PE ratio of 32.36, a P/E/G ratio of 5.18 and a beta of 0.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12-month low of $148.16 and a 12-month high of $176.03. The business’s fifty day simple moving average is $162.65 and its 200-day simple moving average is $165.14.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a $0.54 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is currently 42.52%.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of research analyst reports. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price target on the stock. CIBC boosted their price objective on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. 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 report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $176.10.

About Thomson Reuters

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.