Triasima Portfolio Management inc. Has $24.66 Million Position in Thomson Reuters Co. (NYSE:TRI)

Triasima Portfolio Management inc. raised its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,321 shares of the business services provider's stock after purchasing an additional 27,517 shares during the period. Thomson Reuters accounts for 2.0% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 19th largest holding. Triasima Portfolio Management inc.'s holdings in Thomson Reuters were worth $24,655,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Checchi Capital Advisers LLC increased its position in shares of Thomson Reuters by 3.4% in the 3rd quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider's stock valued at $741,000 after purchasing an additional 201 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at $2,954,000. Sapient Capital LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at $13,461,000. Legacy Wealth Asset Management LLC grew its position in shares of Thomson Reuters by 44.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 12,603 shares of the business services provider's stock valued at $1,542,000 after buying an additional 3,901 shares during the last quarter. Finally, FMR LLC grew its position in shares of Thomson Reuters by 26.3% in the 3rd quarter. FMR LLC now owns 5,657,244 shares of the business services provider's stock valued at $692,059,000 after buying an additional 1,179,155 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

Shares of TRI stock traded down $2.17 during mid-day trading on Friday, hitting $152.38. The stock had a trading volume of 298,978 shares, compared to its average volume of 285,288. Thomson Reuters Co. has a fifty-two week low of $117.46 and a fifty-two week high of $161.57. The firm has a market cap of $68.79 billion, a PE ratio of 26.08, a PEG ratio of 4.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The company's 50-day simple moving average is $155.94 and its 200-day simple moving average is $143.32.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The business's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.58 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.49. Thomson Reuters's dividend payout ratio (DPR) is currently 36.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TRI shares. TD Securities increased their target price on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a research report on Wednesday, March 13th. Barclays raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Scotiabank increased their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a "sector perform" rating in a research note on Friday, February 9th. CIBC increased their price target on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. Finally, National Bank Financial cut shares of Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a research note on Tuesday, February 20th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $157.42.

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.