38,972 Shares in Thomson Reuters Co. (NYSE:TRI) Purchased by World Investment Advisors LLC

World Investment Advisors LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 38,972 shares of the business services provider’s stock, valued at approximately $6,649,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRI. &PARTNERS acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at approximately $278,000. Aigen Investment Management LP increased its stake in Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,417 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Thomson Reuters during the third quarter valued at about $4,506,000. Icon Wealth Advisors LLC boosted its holdings in Thomson Reuters by 547.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after acquiring an additional 6,716 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Thomson Reuters by 87.1% during the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after acquiring an additional 235,145 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Up 0.3 %

Shares of NYSE:TRI opened at $169.12 on Friday. The firm’s 50-day moving average is $166.09 and its two-hundred day moving average is $166.83. The firm has a market capitalization of $76.09 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 5.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $138.83 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.54 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s payout ratio is currently 42.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRI. Royal Bank of Canada lifted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Wells Fargo & Company started coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target for the company. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $175.20.

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.