IMS Capital Management Lowers Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

IMS Capital Management cut its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,143 shares of the business services provider’s stock after selling 100 shares during the quarter. IMS Capital Management’s holdings in Thomson Reuters were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marks Group Wealth Management Inc increased its stake in Thomson Reuters by 10.2% during the fourth quarter. Marks Group Wealth Management Inc now owns 4,579 shares of the business services provider’s stock worth $734,000 after purchasing an additional 422 shares during the period. Savant Capital LLC grew its holdings in shares of Thomson Reuters by 7.9% in the fourth quarter. Savant Capital LLC now owns 2,733 shares of the business services provider’s stock valued at $438,000 after purchasing an additional 199 shares in the last quarter. Wealthstar Advisors LLC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $1,295,000. Kestra Private Wealth Services LLC increased its stake in Thomson Reuters by 83.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,317 shares of the business services provider’s stock worth $1,013,000 after buying an additional 2,882 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Thomson Reuters during the 4th quarter worth approximately $758,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRI. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group upped their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.09.

Thomson Reuters Trading Up 1.7 %

NYSE TRI opened at $178.93 on Friday. The firm’s fifty day moving average price is $164.97 and its 200 day moving average price is $165.81. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $179.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $80.52 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. On average, sell-side analysts expect that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.33%. Thomson Reuters’s payout ratio is 44.17%.

Thomson Reuters 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.