Thomson Reuters Co. (NYSE:TRI) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd lowered its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,353,428 shares of the business services provider’s stock after selling 171,754 shares during the quarter. Thomson Reuters makes up approximately 3.1% of JARISLOWSKY FRASER Ltd’s investment portfolio, making the stock its 8th largest position. JARISLOWSKY FRASER Ltd’s holdings in Thomson Reuters were worth $536,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the fourth quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its position in Thomson Reuters by 60.4% during the fourth 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. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TRI. CIBC lifted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. TD Securities boosted their price target on Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Scotiabank reissued a “sector perform” rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.70.

Thomson Reuters Trading Up 0.2 %

Shares of Thomson Reuters stock opened at $187.39 on Friday. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $189.89. The stock has a market cap of $84.41 billion, a PE ratio of 38.32, a PEG ratio of 5.67 and a beta of 0.75. The firm has a 50-day moving average of $176.04 and a 200-day moving average of $169.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.27%. Thomson Reuters’s dividend payout ratio (DPR) is presently 49.69%.

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.