Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 103.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,195 shares of the business services provider's stock after buying an additional 5,681 shares during the quarter. Cerity Partners LLC's holdings in Thomson Reuters were worth $1,637,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Thomson Reuters in the fourth quarter valued at $11,438,000. Checchi Capital Advisers LLC raised its position in shares of Thomson Reuters by 3.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider's stock worth $741,000 after acquiring an additional 201 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Thomson Reuters during the fourth quarter worth approximately $2,954,000. Legacy Wealth Asset Management LLC increased its stake in Thomson Reuters by 44.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 12,603 shares of the business services provider's stock valued at $1,542,000 after purchasing an additional 3,901 shares during the last quarter. Finally, FMR LLC raised its holdings in Thomson Reuters by 26.3% during the third quarter. FMR LLC now owns 5,657,244 shares of the business services provider's stock worth $692,059,000 after purchasing an additional 1,179,155 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of NYSE TRI traded down $0.57 during mid-day trading on Friday, hitting $150.22. 408,861 shares of the company were exchanged, compared to its average volume of 294,752. The stock has a 50 day simple moving average of $155.87 and a 200-day simple moving average of $144.64. The firm has a market cap of $67.81 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.91 and a beta of 0.65. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $161.57.

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

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.54 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is currently 36.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TRI shares. 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $153.00 target price on shares of Thomson Reuters in a research report on Wednesday, March 13th. National Bank Financial cut Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a research report on Tuesday, February 20th. CIBC lifted their price target on Thomson Reuters from $146.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, March 14th. Finally, Scotiabank boosted their price objective on Thomson Reuters from $142.00 to $159.00 and gave the company a "sector perform" rating in a research note on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of "Hold" and a consensus 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.