Axxcess Wealth Management LLC Sells 140 Shares of Thomson Reuters Co. (NYSE:TRI)

Axxcess Wealth Management LLC lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,928 shares of the business services provider’s stock after selling 140 shares during the period. Axxcess Wealth Management LLC’s holdings in Thomson Reuters were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Curio Wealth LLC bought a new stake in Thomson Reuters during the 4th quarter worth about $26,000. Signaturefd LLC increased its holdings in shares of Thomson Reuters by 5.5% in the fourth quarter. Signaturefd LLC now owns 7,965 shares of the business services provider’s stock valued at $1,277,000 after purchasing an additional 416 shares in the last quarter. Natixis Advisors LLC raised its position in Thomson Reuters by 4.2% in the 4th quarter. Natixis Advisors LLC now owns 14,427 shares of the business services provider’s stock worth $2,314,000 after purchasing an additional 584 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in Thomson Reuters by 8,152.6% during the 4th quarter. Intact Investment Management Inc. now owns 75,099 shares of the business services provider’s stock worth $12,057,000 after buying an additional 74,189 shares in the last quarter. Finally, Aviso Financial Inc. increased its stake in shares of Thomson Reuters by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 74,163 shares of the business services provider’s stock valued at $11,906,000 after buying an additional 687 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research reports. Scotiabank upped 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, February 7th. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lifted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $177.56.

Thomson Reuters Stock Performance

TRI stock opened at $170.01 on Friday. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $180.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market cap of $76.52 billion, a PE ratio of 34.77, a P/E/G ratio of 5.67 and a beta of 0.70. The business’s 50-day moving average price is $170.78 and its two-hundred day moving average price is $167.83.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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 forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.40%. Thomson Reuters’s dividend payout ratio is currently 48.67%.

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.