Guardian Capital LP Buys 4,026 Shares of Thomson Reuters Co. (NYSE:TRI)

Guardian Capital LP boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,110 shares of the business services provider’s stock after purchasing an additional 4,026 shares during the quarter. Thomson Reuters comprises 1.0% of Guardian Capital LP’s portfolio, making the stock its 27th largest holding. Guardian Capital LP’s holdings in Thomson Reuters were worth $27,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters during the fourth quarter worth approximately $26,000. Curio Wealth LLC acquired a new stake in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TRI shares. Scotiabank boosted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $178.18.

Thomson Reuters Stock Up 1.0 %

Shares of TRI stock opened at $184.30 on Wednesday. The firm has a fifty day moving average of $174.61 and a 200-day moving average of $168.86. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12-month low of $149.85 and a 12-month high of $184.68. The company has a market capitalization of $83.01 billion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a dividend of $0.595 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.29%. Thomson Reuters’s dividend payout ratio is presently 48.67%.

About Thomson Reuters

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.