Addison Advisors LLC Acquires 68 Shares of Thomson Reuters Co. (NYSE:TRI)

Addison Advisors LLC increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,271 shares of the business services provider’s stock after acquiring an additional 68 shares during the period. Addison Advisors LLC’s holdings in Thomson Reuters were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRI. Strategic Investment Advisors MI boosted its holdings 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 purchasing an additional 62 shares in the last quarter. Pacer Advisors Inc. boosted its stake 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 valued at $192,000 after buying an additional 64 shares in the last quarter. SkyView Investment Advisors LLC grew its position in Thomson Reuters by 1.6% in the third 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. PDS Planning Inc raised its stake in Thomson Reuters by 5.7% during the third quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock worth $382,000 after acquiring an additional 121 shares in the last quarter. Finally, West Family Investments Inc. lifted its holdings in shares of Thomson Reuters by 3.1% during the third quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock valued at $719,000 after acquiring an additional 126 shares during the period. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Royal Bank of Canada raised their target price 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 upped their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Price Performance

Shares of TRI stock opened at $176.66 on Tuesday. 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 Co. has a 12-month low of $149.50 and a 12-month high of $179.45. The firm has a fifty day moving average of $165.99 and a 200-day moving average of $166.77. The firm has a market capitalization of $79.50 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) 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%. On average, equities research analysts forecast 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. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.35%. 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 dividend payout ratio is 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.