Guardian Capital LP Purchases 4,026 Shares of Thomson Reuters Co. (NYSE:TRI)

Guardian Capital LP increased its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,110 shares of the business services provider's stock after acquiring an additional 4,026 shares during the quarter. Thomson Reuters comprises approximately 1.0% of Guardian Capital LP's portfolio, making the stock its 27th biggest position. Guardian Capital LP's holdings in Thomson Reuters were worth $27,622,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC lifted its position in shares of Thomson Reuters by 261.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 54,540 shares of the business services provider's stock worth $8,747,000 after purchasing an additional 39,470 shares during the period. Northern Trust Corp lifted its holdings in Thomson Reuters by 50.9% in the fourth quarter. Northern Trust Corp now owns 202,554 shares of the business services provider's stock worth $32,486,000 after buying an additional 68,314 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Thomson Reuters during the 4th quarter valued at approximately $3,240,000. MGO One Seven LLC grew its holdings in shares of Thomson Reuters by 26.5% during the 4th quarter. MGO One Seven LLC now owns 1,993 shares of the business services provider's stock worth $320,000 after acquiring an additional 418 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Thomson Reuters by 17.8% in the 4th quarter. Hsbc Holdings PLC now owns 150,444 shares of the business services provider's stock worth $24,143,000 after acquiring an additional 22,735 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. 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 on the stock. CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. TD Securities lifted their price target 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. StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. Finally, Scotiabank reiterated a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $183.70.

Thomson Reuters Stock Down 0.7 %

Shares of TRI traded down $1.23 on Friday, hitting $184.51. 1,021,855 shares of the stock traded hands, compared to its average volume of 416,051. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $189.89. The company has a market capitalization of $83.11 billion, a PE ratio of 37.73, a P/E/G ratio of 5.67 and a beta of 0.75. The business has a 50 day simple moving average of $175.08 and a 200 day simple moving average of $169.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

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 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%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio is currently 49.69%.

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.