Contravisory Investment Management Inc. cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI) by 5.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,906 shares of the business services provider’s stock after selling 178 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Thomson Reuters were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of TRI. Asset Dedication LLC raised its holdings in shares of Thomson Reuters by 125.0% during 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 bought a new position in shares of Thomson Reuters during the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter worth $47,000. Exchange Traded Concepts LLC increased its position in Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 167 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in 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 purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.
Thomson Reuters Trading Up 2.0 %
Shares of Thomson Reuters stock opened at $157.55 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $70.89 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 4.89 and a beta of 0.72. Thomson Reuters Co. has a twelve month low of $145.27 and a twelve month high of $176.03. The business has a 50-day moving average price of $163.60 and a 200-day moving average price of $165.54.
Thomson Reuters Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 annualized dividend and a yield of 1.37%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is currently 42.52%.
Analyst Ratings Changes
Several brokerages have recently weighed in on TRI. Wells Fargo & Company started coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective on the stock. CIBC increased their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Scotiabank lifted their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $176.10.
Get Our Latest Stock Report on TRI
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.
Featured Stories
- Five stocks we like better than Thomson Reuters
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Vertex’s Pain Drug: Big Pharma’s Next Major Success?
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- D-Wave’s Stock Springs Back in the Quantum Computing Race
- Transportation Stocks Investing
- 2 Top ETFs to Profit From the Natural Gas Price Surge
Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI).
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.