Vista Investment Partners II LLC Takes $2.64 Million Position in Thomson Reuters Co. (NYSE:TRI)

Vista Investment Partners II LLC acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 4th quarter, HoldingsChannel reports. The firm acquired 16,458 shares of the business services provider’s stock, valued at approximately $2,640,000. Thomson Reuters accounts for approximately 1.6% of Vista Investment Partners II LLC’s portfolio, making the stock its 25th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Advisors MI boosted its position in shares of Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after purchasing an additional 62 shares in the last quarter. NewSquare Capital LLC grew its position in shares of Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock valued at $695,000 after acquiring an additional 62 shares during the period. Pacer Advisors Inc. boosted its holdings in Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after buying an additional 64 shares during the period. SkyView Investment Advisors LLC boosted its holdings in Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock worth $722,000 after buying an additional 66 shares during the period. Finally, Addison Advisors LLC boosted its holdings in 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 buying an additional 68 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Trading Up 1.5 %

Shares of Thomson Reuters stock opened at $177.66 on Monday. 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 company has a market capitalization of $79.96 billion, a P/E ratio of 36.33, a PEG ratio of 5.67 and a beta of 0.70. The company’s fifty day moving average is $168.49 and its two-hundred day moving average is $167.63. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its 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 net margin of 30.45% and a return on equity of 14.62%. Analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.34%. Thomson Reuters’s dividend payout ratio (DPR) is 48.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on TRI shares. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Scotiabank upped 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. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $182.09.

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.