Value Partners Investments Inc. Grows Position in Thomson Reuters Co. (NYSE:TRI)

Value Partners Investments Inc. raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,761 shares of the business services provider’s stock after buying an additional 999 shares during the quarter. Value Partners Investments Inc.’s holdings in Thomson Reuters were worth $822,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Curio Wealth LLC purchased a new stake in shares of Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters in the 4th quarter valued at $27,000. Investment Management Corp VA ADV purchased a new stake in Thomson Reuters in the 4th quarter valued at $29,000. Noble Wealth Management PBC purchased a new stake in Thomson Reuters in the 4th quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI stock opened at $195.73 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $88.17 billion, a P/E ratio of 40.03, a P/E/G ratio of 5.67 and a beta of 0.77. The business’s 50-day moving average is $190.72 and its two-hundred day moving average is $176.45. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $199.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 49.69%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Royal Bank Of Canada upped their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price target on Thomson Reuters from $187.00 to $213.00 and gave the stock an “equal weight” rating in a report on Monday, June 16th. Wall Street Zen cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $187.30.

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.