Fiera Capital Corp Has $420.29 Million Stake in Thomson Reuters Co. (NYSE:TRI)

Fiera Capital Corp reduced its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,865,200 shares of the business services provider's stock after selling 6,840 shares during the period. Thomson Reuters makes up about 1.3% of Fiera Capital Corp's portfolio, making the stock its 27th biggest holding. Fiera Capital Corp owned approximately 0.63% of Thomson Reuters worth $420,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in shares of Thomson Reuters in the third quarter valued at about $27,000. Pacifica Partners Inc. grew its position in shares of Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider's stock worth $34,000 after purchasing an additional 149 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Thomson Reuters during the third quarter worth approximately $37,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $37,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Thomson Reuters during the fourth quarter worth approximately $38,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TRI. Scotiabank lifted their price objective on Thomson Reuters from $159.00 to $164.00 and gave the company a "sector perform" rating in a report on Friday, May 3rd. National Bank Financial raised shares of Thomson Reuters from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, April 23rd. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a "hold" rating in a research report on Friday, May 3rd. TD Securities increased their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, March 13th. Finally, Barclays upgraded shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $164.31.

Thomson Reuters Price Performance

NYSE TRI remained flat at $171.02 during trading hours on Friday. 265,276 shares of the company were exchanged, compared to its average volume of 323,318. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $171.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $77.18 billion, a PE ratio of 32.58, a P/E/G ratio of 4.55 and a beta of 0.65. The company's 50 day simple moving average is $157.52 and its two-hundred day simple moving average is $149.59.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.17. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. Thomson Reuters's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, research analysts expect that Thomson Reuters Co. will post 3.67 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters's dividend payout ratio is currently 41.14%.

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.

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