NewEdge Advisors LLC Has $1 Million Position in Thomson Reuters Co. (NYSE:TRI)

NewEdge Advisors LLC boosted its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 59.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,252 shares of the business services provider's stock after acquiring an additional 2,332 shares during the quarter. NewEdge Advisors LLC's holdings in Thomson Reuters were worth $1,003,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC raised its holdings in Thomson Reuters by 2.0% during the 4th quarter. Evergreen Capital Management LLC now owns 5,677 shares of the business services provider's stock worth $910,000 after buying an additional 113 shares during the period. Bridgewater Associates LP raised its holdings in Thomson Reuters by 10.5% during the 4th quarter. Bridgewater Associates LP now owns 75,641 shares of the business services provider's stock worth $12,139,000 after buying an additional 7,182 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Thomson Reuters by 69.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 16,245 shares of the business services provider's stock worth $2,605,000 after buying an additional 6,656 shares during the period. Value Partners Investments Inc. raised its holdings in Thomson Reuters by 3.5% during the 4th quarter. Value Partners Investments Inc. now owns 3,762 shares of the business services provider's stock worth $603,000 after buying an additional 126 shares during the period. Finally, Mariner LLC raised its holdings in Thomson Reuters by 1.2% during the 4th quarter. Mariner LLC now owns 40,406 shares of the business services provider's stock worth $6,481,000 after buying an additional 480 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Up 0.9 %

Shares of NYSE TRI traded up $1.68 during trading hours on Wednesday, hitting $185.98. The stock had a trading volume of 780,609 shares, compared to its average volume of 415,911. The company has a market capitalization of $83.77 billion, a P/E ratio of 38.03, a P/E/G ratio of 5.67 and a beta of 0.70. The firm's 50-day moving average price is $174.80 and its two-hundred day moving average price is $168.97. Thomson Reuters Co. has a 52 week low of $149.85 and a 52 week high of $186.44. 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 announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's payout ratio is 48.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Canaccord Genuity Group lifted their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Bank of America initiated coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus price target of $178.18.

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.