Jones Financial Companies Lllp Grows Position in Thomson Reuters Co. (NYSE:TRI)

Jones Financial Companies Lllp boosted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 25.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,869 shares of the business services provider’s stock after purchasing an additional 4,792 shares during the period. Jones Financial Companies Lllp’s holdings in Thomson Reuters were worth $3,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $26,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters in the fourth quarter valued at approximately $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters during the third quarter worth approximately $47,000. Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 200 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Thomson Reuters by 25.9% in the fourth quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock valued at $142,000 after buying an additional 171 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TRI shares. Wells Fargo & Company lifted their price objective 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, February 7th. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Scotiabank raised their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $182.09.

Thomson Reuters Stock Performance

NYSE TRI opened at $175.82 on Wednesday. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $180.42. The business’s 50-day simple moving average is $167.67 and its 200-day simple moving average is $167.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $79.13 billion, a P/E ratio of 35.96, a P/E/G ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released 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 net margin of 30.45% and a return on equity of 14.62%. Equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business 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 is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

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.