BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Holdings in Thomson Reuters Co. (NYSE:TRI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 259,010 shares of the business services provider's stock after acquiring an additional 49,017 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Thomson Reuters worth $41,537,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in Thomson Reuters during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its holdings in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares during the period. Finally, GeoWealth Management LLC grew its stake in Thomson Reuters by 1,306.6% in the 4th quarter. GeoWealth Management LLC now owns 858 shares of the business services provider's stock valued at $138,000 after buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TRI shares. TD Securities increased their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Barclays increased their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $183.70.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $196.07 on Wednesday. The business's 50 day simple moving average is $178.24 and its two-hundred day simple moving average is $171.03. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $196.48. 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 stock has a market capitalization of $88.31 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data 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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 earnings per share. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.21%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

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.

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