Thomson Reuters Co. (NYSE:TRI) Position Reduced by PAX Financial Group LLC

PAX Financial Group LLC reduced its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,024 shares of the business services provider’s stock after selling 340 shares during the period. PAX Financial Group LLC’s holdings in Thomson Reuters were worth $485,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. ExodusPoint Capital Management LP grew its position in Thomson Reuters by 141.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 22,700 shares of the business services provider’s stock worth $3,641,000 after purchasing an additional 13,298 shares in the last quarter. Huntington National Bank boosted its position in shares of Thomson Reuters by 20.7% in the fourth quarter. Huntington National Bank now owns 1,333 shares of the business services provider’s stock worth $214,000 after buying an additional 229 shares during the period. Trexquant Investment LP raised its position in Thomson Reuters by 4.6% during the fourth quarter. Trexquant Investment LP now owns 71,859 shares of the business services provider’s stock valued at $11,525,000 after buying an additional 3,161 shares during the period. Geode Capital Management LLC lifted its stake in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock worth $214,236,000 after acquiring an additional 560,450 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Thomson Reuters by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 62,399 shares of the business services provider’s stock worth $10,007,000 after acquiring an additional 10,591 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price objective 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. Scotiabank boosted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Stock Down 5.6 %

Shares of TRI stock opened at $165.98 on Friday. The company has a market capitalization of $74.71 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 5.67 and a beta of 0.70. 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’s 50 day simple moving average is $173.30 and its 200 day simple moving average is $167.97. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (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, research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.43%. Thomson Reuters’s payout ratio is presently 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.