Cetera Investment Advisers Grows Position in Thomson Reuters Co. (NYSE:TRI)

Cetera Investment Advisers boosted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 49.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,943 shares of the business services provider's stock after buying an additional 2,618 shares during the period. Cetera Investment Advisers' holdings in Thomson Reuters were worth $1,275,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

TRI has been the subject of a number of recent research reports. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Barclays increased their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $183.70.

Thomson Reuters Trading Down 0.2%

Shares of NYSE TRI traded down $0.30 during trading hours on Tuesday, reaching $194.82. The stock had a trading volume of 634,027 shares, compared to its average volume of 430,404. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $196.74. The firm has a market cap of $87.76 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 5.67 and a beta of 0.75. The business's fifty day moving average price is $180.54 and its two-hundred day moving average price is $171.97. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $1.11 earnings per share. Thomson Reuters's revenue was up .8% compared to the same quarter last year. Analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, May 15th. 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.