Griffin Asset Management Inc. Has $2.10 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Griffin Asset Management Inc. boosted its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 87.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,161 shares of the business services provider's stock after acquiring an additional 5,686 shares during the quarter. Griffin Asset Management Inc.'s holdings in Thomson Reuters were worth $2,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRI. NewSquare Capital LLC raised its holdings in Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after acquiring an additional 62 shares during the period. Addison Advisors LLC grew its position in shares of Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock valued at $204,000 after purchasing an additional 68 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after purchasing an additional 68 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in Thomson Reuters by 2.1% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider's stock worth $611,000 after purchasing an additional 78 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Thomson Reuters by 25.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after purchasing an additional 84 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays increased their price objective on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Royal Bank of Canada increased their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. TD Securities raised their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Bank of America initiated coverage on Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $187.30.

Thomson Reuters Price Performance

NYSE:TRI traded down $0.19 during trading hours on Tuesday, hitting $196.04. The company's stock had a trading volume of 466,077 shares, compared to its average volume of 440,182. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $199.11. 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 fifty day simple moving average of $187.67 and a 200-day simple moving average of $175.20. The company has a market capitalization of $88.31 billion, a P/E ratio of 40.09, a PEG ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share 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 the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.11 EPS. On average, analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was 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%.

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.