Jones Financial Companies Lllp Increases Position in Thomson Reuters Co. (NYSE:TRI)

Jones Financial Companies Lllp grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 25.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,869 shares of the business services provider’s stock after acquiring an additional 4,792 shares during the period. Jones Financial Companies Lllp’s holdings in Thomson Reuters were worth $3,828,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $26,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the 4th quarter valued at about $33,000. Ashton Thomas Securities LLC acquired a new stake in Thomson Reuters in the 3rd quarter valued at approximately $47,000. Nisa Investment Advisors LLC grew its position in Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after buying an additional 200 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Thomson Reuters by 25.9% during the fourth quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock worth $142,000 after purchasing an additional 171 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Trading Down 1.5 %

Shares of NYSE TRI opened at $175.82 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 cap of $79.13 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 5.67 and a beta of 0.73. The business has a 50 day simple moving average of $167.67 and a 200 day simple moving average of $167.38. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping 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, research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal 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 issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is 48.67%.

Analyst Upgrades and Downgrades

TRI has been the topic of several recent research reports. Wells Fargo & Company lifted their price target 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. Scotiabank lifted their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Canaccord Genuity Group upped their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, CIBC upped their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and an average 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.