Cidel Asset Management Inc. Buys 132 Shares of Thomson Reuters Co. (NYSE:TRI)

Cidel Asset Management Inc. lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 125,658 shares of the business services provider’s stock after acquiring an additional 132 shares during the quarter. Thomson Reuters comprises approximately 1.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 23rd largest holding. Cidel Asset Management Inc.’s holdings in Thomson Reuters were worth $20,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Thomson Reuters in the 2nd quarter valued at about $303,000. AQR Capital Management LLC bought a new position in shares of Thomson Reuters in the second quarter valued at approximately $236,000. Sanctuary Advisors LLC purchased a new stake in shares of Thomson Reuters during the second quarter valued at approximately $713,000. SG Americas Securities LLC boosted its position in Thomson Reuters by 59.6% in the third quarter. SG Americas Securities LLC now owns 2,095 shares of the business services provider’s stock worth $357,000 after purchasing an additional 782 shares during the last quarter. Finally, First Affirmative Financial Network grew its stake in Thomson Reuters by 27.0% in the 3rd quarter. First Affirmative Financial Network now owns 1,912 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 406 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $176.56 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters Co. has a fifty-two week low of $149.14 and a fifty-two week high of $178.35. The stock has a market cap of $79.45 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The stock has a fifty day moving average of $163.98 and a 200-day moving average of $165.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TRI shares. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday. Finally, Canaccord Genuity Group increased their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.