Landaas & Co. WI ADV Invests $228,000 in Thomson Reuters Co. (NYSE:TRI)

Landaas & Co. WI ADV bought a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,417 shares of the business services provider's stock, valued at approximately $228,000.

Several other large investors have also made changes to their positions in the company. Strategic Investment Advisors MI grew its holdings in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after acquiring an additional 62 shares during the last quarter. NewSquare Capital LLC grew its holdings in Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after acquiring an additional 64 shares during the last quarter. Addison Advisors LLC lifted its position in Thomson Reuters by 5.7% during the 4th 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 period. Finally, Cookson Peirce & Co. Inc. lifted its position 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 valued at $611,000 after purchasing an additional 78 shares during the period. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Down 0.1%

Shares of NYSE:TRI traded down $0.11 during midday trading on Thursday, hitting $196.39. The stock had a trading volume of 466,110 shares, compared to its average volume of 430,356. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $181.07 and its 200-day simple moving average is $172.14. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $197.34. The company has a market cap of $88.47 billion, a P/E ratio of 40.16, a PEG 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 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRI. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada raised their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $183.70.

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.