NewSquare Capital LLC Buys 62 Shares of Thomson Reuters Co. (NYSE:TRI)

NewSquare Capital LLC boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,335 shares of the business services provider’s stock after acquiring an additional 62 shares during the quarter. NewSquare Capital LLC’s holdings in Thomson Reuters were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TRI. National Bank of Canada FI lifted its holdings in Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after purchasing an additional 516,715 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Thomson Reuters by 11.0% in the third 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 acquiring an additional 255,387 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Thomson Reuters by 909.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock valued at $35,815,000 after acquiring an additional 189,199 shares in the last quarter. Finally, Prana Capital Management LP acquired a new position in shares of Thomson Reuters in the third quarter valued at about $19,143,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE TRI opened at $176.00 on Thursday. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The firm’s 50-day simple moving average is $167.93 and its two-hundred day simple moving average is $167.44. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $79.21 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating 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%. Research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s payout ratio is presently 48.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRI. Wells Fargo & Company raised their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Royal Bank of Canada upped their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. CIBC lifted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $182.09.

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.