Thomson Reuters Co. (NYSE:TRI) Shares Sold by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,547 shares of the business services provider's stock after selling 5,953 shares during the period. Bank of Nova Scotia Trust Co.'s holdings in Thomson Reuters were worth $10,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new position in Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the 4th quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in 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 last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded up $0.22 during trading hours on Thursday, reaching $182.23. The company's stock had a trading volume of 346,704 shares, compared to its average volume of 408,447. Thomson Reuters Co. has a one year low of $149.80 and a one year high of $184.11. The company's 50 day simple moving average is $173.93 and its 200 day simple moving average is $168.41. 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 has a market cap of $82.02 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters's dividend payout ratio is presently 48.67%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Bank of America started coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of 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 three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $177.80.

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.