Marks Group Wealth Management Inc Grows Stake in Thomson Reuters Co. (NYSE:TRI)

Marks Group Wealth Management Inc lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,579 shares of the business services provider’s stock after purchasing an additional 422 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Thomson Reuters were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Strategic Investment Advisors MI increased its stake in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 62 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 64 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 66 shares in the last quarter. Signaturefd LLC raised its holdings in Thomson Reuters by 1.2% in the 3rd quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock worth $1,288,000 after acquiring an additional 92 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in Thomson Reuters by 5.7% during the 3rd quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of several recent analyst reports. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Royal Bank of Canada boosted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Scotiabank raised their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $182.09.

Thomson Reuters Stock Down 1.5 %

TRI opened at $175.89 on Thursday. The firm’s 50 day simple moving average is $164.83 and its two-hundred day simple moving average is $165.74. The company has a market capitalization of $79.15 billion, a PE ratio of 35.97, a PEG ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $179.45. 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 (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS 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%. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.96 EPS for the current year.

Thomson Reuters Increases Dividend

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

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.