Northwest & Ethical Investments L.P. Raises Stake in Thomson Reuters Co. (NYSE:TRI)

Northwest & Ethical Investments L.P. increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,055 shares of the business services provider’s stock after buying an additional 849 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Thomson Reuters were worth $4,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in Thomson Reuters in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in shares of Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Asset Dedication LLC increased its stake in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group purchased a new position in Thomson Reuters during the third quarter worth about $42,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Thomson Reuters in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRI shares. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday. They set an “equal weight” rating and a $165.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Scotiabank boosted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.20.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $161.70 on Friday. Thomson Reuters Co. has a 52-week low of $138.57 and a 52-week high of $176.03. The firm has a fifty day moving average of $166.69 and a 200-day moving average of $167.08. The firm has a market capitalization of $72.75 billion, a P/E ratio of 31.83, a PEG ratio of 5.47 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

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.