Cetera Investment Advisers Purchases 2,618 Shares of Thomson Reuters Co. (NYSE:TRI)

Cetera Investment Advisers increased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 49.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Strategic Investment Advisors MI boosted its holdings in shares of Thomson Reuters by 2.7% during the fourth 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 period. NewSquare Capital LLC lifted 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 purchasing an additional 62 shares during the last quarter. Pacer Advisors Inc. lifted 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 purchasing an additional 64 shares during the last quarter. Addison Advisors LLC boosted its stake in Thomson Reuters by 5.7% in 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. grew its holdings in Thomson Reuters by 2.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider's stock valued at $611,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Price Performance

NYSE:TRI traded up $0.76 during trading hours on Tuesday, hitting $195.88. The company's stock had a trading volume of 76,874 shares, compared to its average volume of 538,296. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $196.57. 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 $180.04 and a 200-day simple moving average of $171.81. The company has a market capitalization of $88.24 billion, a P/E ratio of 40.06, a PEG ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results 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. The firm had revenue of $1.90 billion during 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 business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. 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 will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued 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 1.22%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Analyst Ratings Changes

TRI has been the subject of a number of recent research reports. TD Securities boosted their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Scotiabank reiterated a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Bank of America began coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective on the stock. One 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, Thomson Reuters presently has an average rating of "Hold" and an average price target of $183.70.

Thomson Reuters Company 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.