Signaturefd LLC Increases Holdings in Thomson Reuters Co. (NYSE:TRI)

Signaturefd LLC grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,965 shares of the business services provider’s stock after buying an additional 416 shares during the period. Signaturefd LLC’s holdings in Thomson Reuters were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the 4th quarter worth about $27,000. Meridian Wealth Management LLC acquired a new stake in shares of Thomson Reuters during the third quarter worth about $4,506,000. Atomi Financial Group Inc. increased its position in shares of Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after purchasing an additional 252 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its position in shares of Thomson Reuters by 547.4% during the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 6,716 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRI has been the topic of a number of research analyst reports. Scotiabank lifted their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group boosted 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. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and an average target price of $177.56.

Thomson Reuters Price Performance

Shares of TRI opened at $172.34 on Wednesday. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The stock’s 50 day moving average is $170.05 and its two-hundred day moving average is $167.80. The firm has a market capitalization of $77.57 billion, a PE ratio of 35.24, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid 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 was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. Thomson Reuters’s payout ratio is 48.67%.

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.