Thomson Reuters Co. (NYSE:TRI) Stock Holdings Boosted by Griffin Asset Management Inc.

Griffin Asset Management Inc. increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,475 shares of the business services provider’s stock after buying an additional 300 shares during the quarter. Griffin Asset Management Inc.’s holdings in Thomson Reuters were worth $1,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aigen Investment Management LP grew its stake in Thomson Reuters by 87.4% during the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after acquiring an additional 3,417 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Thomson Reuters in the third quarter worth $4,506,000. Icon Wealth Advisors LLC boosted its stake in shares of Thomson Reuters by 547.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after acquiring an additional 6,716 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Thomson Reuters during the 3rd quarter valued at about $2,127,000. Finally, Park Avenue Securities LLC lifted its holdings in Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after purchasing an additional 526 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRI. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company began coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price objective on the stock. CIBC lifted their target price on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada raised their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, Scotiabank lifted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $176.10.

Thomson Reuters Trading Up 0.7 %

Thomson Reuters stock opened at $164.38 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters Co. has a 52 week low of $148.16 and a 52 week high of $176.03. The stock has a 50-day simple moving average of $162.65 and a 200 day simple moving average of $165.14. The stock has a market capitalization of $73.97 billion, a P/E ratio of 32.36, a PEG ratio of 5.18 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.31%. Thomson Reuters’s payout ratio is 42.52%.

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.