Ground Swell Capital LLC Invests $235,000 in Thomson Reuters Co. (NYSE:TRI)

Ground Swell Capital LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,463 shares of the business services provider's stock, valued at approximately $235,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Thomson Reuters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after acquiring an additional 76,382 shares during the last quarter. TD Asset Management Inc. lifted its position in Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after purchasing an additional 516,605 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after buying an additional 560,450 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Thomson Reuters by 5.5% in the 4th quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider's stock worth $189,720,000 after buying an additional 61,235 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after buying an additional 395,481 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRI. TD Securities boosted their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. StockNews.com downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Scotiabank restated a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. 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 equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Stock Performance

Shares of NYSE:TRI opened at $187.39 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market cap of $84.41 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The firm's 50 day simple moving average is $176.04 and its 200-day simple moving average is $169.86. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $189.89.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is 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.

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