Farther Finance Advisors LLC Sells 338 Shares of Thomson Reuters Co. (NYSE:TRI)

Farther Finance Advisors LLC lessened its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,547 shares of the business services provider’s stock after selling 338 shares during the period. Farther Finance Advisors LLC’s holdings in Thomson Reuters were worth $729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in Thomson Reuters by 0.8% during the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock valued at $1,229,716,000 after purchasing an additional 57,854 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock valued at $439,665,000 after purchasing an additional 255,387 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after buying an additional 395,481 shares during the period. National Bank of Canada FI raised its stake in Thomson Reuters by 115.7% during the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after buying an additional 516,715 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Thomson Reuters by 9.2% in the third quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider’s stock valued at $130,341,000 after buying an additional 63,336 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Up 1.3 %

NYSE:TRI opened at $172.17 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. The company has a market cap of $77.49 billion, a PE ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70. The firm has a 50-day moving average of $169.55 and a 200-day moving average of $167.78.

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

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.38%. Thomson Reuters’s dividend payout ratio (DPR) is 48.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Scotiabank increased their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.56.

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.