Cwm LLC Has $8.28 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Cwm LLC reduced its position in shares of 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 and Exchange Commission (SEC). The institutional investor owned 56,651 shares of the business services provider’s stock after selling 2,899 shares during the period. Cwm LLC’s holdings in Thomson Reuters were worth $8,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mackenzie Financial Corp grew its stake in shares of Thomson Reuters by 17.3% during the third quarter. Mackenzie Financial Corp now owns 6,240,651 shares of the business services provider’s stock worth $755,514,000 after buying an additional 919,603 shares during the last quarter. FMR LLC grew its stake in shares of Thomson Reuters by 26.3% in the third quarter. FMR LLC now owns 5,657,244 shares of the business services provider’s stock worth $692,059,000 after purchasing an additional 1,179,155 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Thomson Reuters by 6.2% in the third quarter. The Manufacturers Life Insurance Company now owns 4,088,818 shares of the business services provider’s stock worth $500,872,000 after purchasing an additional 240,148 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Thomson Reuters in the third quarter worth $170,036,000. Finally, Toronto Dominion Bank grew its stake in shares of Thomson Reuters by 361.6% in the third quarter. Toronto Dominion Bank now owns 1,142,194 shares of the business services provider’s stock worth $139,713,000 after purchasing an additional 894,776 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Securities boosted their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. National Bank Financial downgraded Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $153.00 price target on shares of Thomson Reuters in a report on Wednesday, March 13th. Finally, Scotiabank increased their price target on Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Nine research 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 company currently has an average rating of “Hold” and a consensus target price of $157.42.

Thomson Reuters Price Performance

TRI stock opened at $152.95 on Tuesday. The stock has a market capitalization of $69.04 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 3.91 and a beta of 0.65. The company’s 50-day moving average is $155.84 and its 200-day moving average is $144.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $161.57.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Thomson Reuters Co. will post 3.58 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were given a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.41%. Thomson Reuters’s dividend payout ratio (DPR) is presently 36.99%.

Thomson Reuters 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.