Clarius Group LLC Reduces Position in Thomson Reuters Co. (NYSE:TRI)

Clarius Group LLC decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,948 shares of the business services provider’s stock after selling 205 shares during the quarter. Clarius Group LLC’s holdings in Thomson Reuters were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRI. National Bank of Canada FI increased its stake in shares of Thomson Reuters by 115.7% in the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after acquiring an additional 516,715 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Thomson Reuters by 11.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after purchasing an additional 255,387 shares during the last quarter. Toronto Dominion Bank raised its stake in Thomson Reuters by 87.1% during the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock worth $85,136,000 after purchasing an additional 235,145 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Thomson Reuters by 909.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock valued at $35,815,000 after purchasing an additional 189,199 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter valued at approximately $29,250,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TRI. CIBC lifted their target price on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of 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 began coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.10.

Thomson Reuters Trading Up 0.8 %

NYSE TRI opened at $159.37 on Monday. Thomson Reuters Co. has a 52 week low of $148.08 and a 52 week high of $176.03. The firm has a 50 day moving average of $163.04 and a two-hundred day moving average of $165.35. The stock has a market capitalization of $71.71 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

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

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. This represents a $2.16 annualized dividend and a yield of 1.36%. Thomson Reuters’s payout ratio is presently 42.52%.

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.