West Family Investments Inc. Sells 60 Shares of Thomson Reuters Co. (NYSE:TRI)

West Family Investments Inc. reduced its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,156 shares of the business services provider’s stock after selling 60 shares during the quarter. West Family Investments Inc.’s holdings in Thomson Reuters were worth $667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRI. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters in the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters in the fourth quarter worth approximately $33,000. Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters in the third quarter worth approximately $47,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 200 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. The Goldman Sachs Group lifted 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. Finally, Canaccord Genuity Group lifted their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Trading Down 0.5 %

NYSE TRI opened at $175.08 on Friday. The company has a market cap of $78.80 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 5.67 and a beta of 0.73. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The business has a 50 day moving average price of $168.17 and a 200-day moving average price of $167.50. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS 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%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This is an increase 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 1.36%. Thomson Reuters’s payout ratio is currently 48.67%.

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.