Fiera Capital Corp Has $430.51 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Key Points

• Fiera Capital Corp reduced its stake in Thomson Reuters Co. by 0.2%, selling 5,500 shares, and now owns approximately 2,492,267 shares valued around $430.5 million.
• Analysts have adjusted their price targets for Thomson Reuters, with Wells Fargo increasing its price objective from $187 to $213 and Royal Bank of Canada raising it from $185 to $215.
• Thomson Reuters recently announced a quarterly dividend of $0.595 per share, yielding 1.19%, and has a current dividend payout ratio of 49.69%.

Fiera Capital Corp lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,492,267 shares of the business services provider's stock after selling 5,500 shares during the period. Thomson Reuters accounts for 1.6% of Fiera Capital Corp's portfolio, making the stock its 20th largest position. Fiera Capital Corp owned 0.55% of Thomson Reuters worth $430,512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Thomson Reuters by 44.9% during the first quarter. LPL Financial LLC now owns 40,096 shares of the business services provider's stock worth $6,928,000 after purchasing an additional 12,424 shares in the last quarter. HB Wealth Management LLC bought a new stake in Thomson Reuters in the 1st quarter valued at $249,000. TD Asset Management Inc increased its stake in Thomson Reuters by 15.7% in the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock valued at $951,477,000 after buying an additional 750,063 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Thomson Reuters by 1.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 23,568 shares of the business services provider's stock valued at $4,072,000 after buying an additional 383 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Thomson Reuters in the 1st quarter valued at $626,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRI. Bank of America began coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target on the stock. TD Securities reiterated a "hold" rating on shares of Thomson Reuters in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Finally, Royal Bank Of Canada upped their target price on shares of Thomson Reuters from $185.00 to $215.00 and gave the company a "sector perform" rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Thomson Reuters has an average rating of "Hold" and a consensus price target of $193.00.

Thomson Reuters Stock Performance

Thomson Reuters stock traded up $0.34 during trading hours on Friday, hitting $201.25. The company had a trading volume of 688,479 shares, compared to its average volume of 819,707. The firm has a 50-day moving average of $199.32 and a 200 day moving average of $183.60. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $218.42. The firm has a market cap of $90.67 billion, a PE ratio of 41.13, a PEG ratio of 5.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The business's revenue was up .8% compared to the same quarter last year. On average, sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

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.