Larson Financial Group LLC Increases Stake in Thomson Reuters Co. (NYSE:TRI)

Larson Financial Group LLC raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,769 shares of the business services provider’s stock after purchasing an additional 1,854 shares during the quarter. Larson Financial Group LLC’s holdings in Thomson Reuters were worth $3,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its position in shares of Thomson Reuters by 67.6% during 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 in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Thomson Reuters by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider’s stock worth $1,219,000 after purchasing an additional 369 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Thomson Reuters by 10.0% in the 3rd quarter. QRG Capital Management Inc. now owns 1,739 shares of the business services provider’s stock worth $297,000 after purchasing an additional 158 shares during the period. Fiera Capital Corp grew its holdings in Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after buying an additional 27,714 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Thomson Reuters by 1.2% during the third quarter. Assetmark Inc. now owns 74,768 shares of the business services provider’s stock valued at $12,755,000 after buying an additional 904 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI opened at $177.66 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The stock’s 50 day simple moving average is $168.49 and its 200 day simple moving average is $167.59. The firm has a market cap of $79.96 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping 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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.34%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s dividend payout ratio is 48.67%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRI shares. Scotiabank raised their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price target 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. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their target price 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. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters 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.