TD Waterhouse Canada Inc. Decreases Position in Thomson Reuters Co. (NYSE:TRI)

TD Waterhouse Canada Inc. reduced its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 165,248 shares of the business services provider's stock after selling 2,290 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Thomson Reuters were worth $26,186,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TRI. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters in the fourth quarter valued at $27,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Down 0.2 %

Shares of TRI traded down $0.37 during trading hours on Friday, reaching $181.66. 633,364 shares of the company traded hands, compared to its average volume of 411,906. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market cap of $81.76 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 5.67 and a beta of 0.70. The stock's fifty day moving average price is $174.26 and its 200 day moving average price is $168.62. Thomson Reuters Co. has a 12-month low of $149.85 and a 12-month high of $184.11.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.

Analysts Set New Price Targets

TRI has been the topic of a number of recent analyst reports. Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group upped their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $177.80.

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.