Guardian Capital LP Boosts Stake in Thomson Reuters Co. (NYSE:TRI)

Guardian Capital LP grew its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,110 shares of the business services provider's stock after acquiring an additional 4,026 shares during the period. Thomson Reuters comprises 1.0% of Guardian Capital LP's portfolio, making the stock its 27th largest holding. Guardian Capital LP's holdings in Thomson Reuters were worth $27,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $26,000. Curio Wealth LLC purchased a new position in Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters in the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Thomson Reuters by 60.4% in the 4th 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 period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Trading Up 1.0 %

TRI traded up $1.76 during trading on Monday, hitting $186.27. The company's stock had a trading volume of 191,578 shares, compared to its average volume of 415,259. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $189.89. The stock has a market cap of $83.90 billion, a PE ratio of 38.10, a PEG ratio of 5.67 and a beta of 0.75. The firm's 50 day moving average price is $175.08 and its 200-day moving average price is $169.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

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

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.28%. Thomson Reuters's dividend payout ratio is presently 49.69%.

Wall Street Analyst Weigh In

TRI has been the topic of a number of research analyst reports. 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 on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday. TD Securities raised their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. Finally, Royal Bank of Canada raised their price objective 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters 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.