Thomson Reuters Co. (NYSE:TRI) Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,400 shares of the business services provider’s stock after purchasing an additional 135 shares during the period. K.J. Harrison & Partners Inc’s holdings in Thomson Reuters were worth $387,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in Thomson Reuters in the third quarter valued at $47,000. Nisa Investment Advisors LLC raised its position in shares of Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. boosted its stake in shares of Thomson Reuters by 25.9% during the 4th quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock worth $142,000 after acquiring an additional 171 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $155,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of analyst reports. CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $176.44 on Friday. The company has a fifty day simple moving average of $166.78 and a 200-day simple moving average of $167.03. The firm has a market capitalization of $79.40 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 5.67 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.01.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

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.