Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 87,768 shares of the business services provider’s stock after purchasing an additional 1,238 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Thomson Reuters were worth $14,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Larson Financial Group LLC grew its stake in Thomson Reuters by 11.0% during the 4th quarter. Larson Financial Group LLC now owns 18,769 shares of the business services provider’s stock worth $3,010,000 after purchasing an additional 1,854 shares in the last quarter. PCJ Investment Counsel Ltd. grew its stake in Thomson Reuters by 19.8% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 9,076 shares of the business services provider’s stock worth $1,456,000 after purchasing an additional 1,500 shares in the last quarter. Oak Hill Wealth Advisors LLC grew its stake in Thomson Reuters by 239.6% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 2,463 shares of the business services provider’s stock worth $395,000 after purchasing an additional 4,227 shares in the last quarter. EFG Asset Management Americas Corp. grew its stake in Thomson Reuters by 2.0% during the 4th quarter. EFG Asset Management Americas Corp. now owns 16,702 shares of the business services provider’s stock worth $2,679,000 after purchasing an additional 321 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Thomson Reuters during the 4th quarter worth $11,285,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 0.4 %

TRI opened at $171.02 on Thursday. The business has a 50 day moving average price of $169.18 and a two-hundred day moving average price of $167.75. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $76.97 billion, a PE ratio of 34.97, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted 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 return on equity of 14.62% and a net margin of 30.45%. As a group, research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.39%. Thomson Reuters’s dividend payout ratio is currently 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. CIBC lifted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company lifted their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group lifted their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $182.09.

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.