Denali Advisors LLC Purchases 1,560 Shares of Thomson Reuters Co. (NYSE:TRI)

Denali Advisors LLC raised its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6.0% in the fourth quarter, HoldingsChannel reports. The firm owned 27,515 shares of the business services provider’s stock after buying an additional 1,560 shares during the quarter. Denali Advisors LLC’s holdings in Thomson Reuters were worth $4,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TRI. Strategic Investment Advisors MI grew its position in Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after buying an additional 62 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after acquiring an additional 64 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 66 shares during the period. Addison Advisors LLC increased its stake in shares of Thomson Reuters by 5.7% in the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock worth $204,000 after purchasing an additional 68 shares in the last quarter. Finally, PDS Planning Inc raised its holdings in Thomson Reuters by 5.7% in the 3rd quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock worth $382,000 after purchasing an additional 121 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Scotiabank raised 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. CIBC upped their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Stock Performance

TRI opened at $179.32 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $80.70 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 5.67 and a beta of 0.73. The company has a fifty day moving average of $166.25 and a 200 day moving average of $166.89. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 48.67%.

Thomson Reuters Company 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.