Entropy Technologies LP Invests $758,000 in Thomson Reuters Co. (NYSE:TRI)

Entropy Technologies LP bought a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,724 shares of the business services provider’s stock, valued at approximately $758,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management lifted its position in shares of Thomson Reuters by 10.9% during the 4th quarter. Financial Advocates Investment Management now owns 1,521 shares of the business services provider’s stock worth $244,000 after buying an additional 149 shares during the last quarter. Avitas Wealth Management LLC lifted its position in Thomson Reuters by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 21,283 shares of the business services provider’s stock valued at $3,413,000 after acquiring an additional 146 shares during the last quarter. Spire Wealth Management acquired a new position in Thomson Reuters in the fourth quarter valued at $316,000. First Affirmative Financial Network grew its holdings in shares of Thomson Reuters by 15.1% during the fourth quarter. First Affirmative Financial Network now owns 2,200 shares of the business services provider’s stock worth $353,000 after purchasing an additional 288 shares during the last quarter. Finally, Forsta AP Fonden increased its position in shares of Thomson Reuters by 3.5% during the fourth quarter. Forsta AP Fonden now owns 74,388 shares of the business services provider’s stock worth $11,939,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped 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 raised their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Nine 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Trading Down 0.2 %

NYSE TRI opened at $178.63 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $80.38 billion, a P/E ratio of 36.53, a P/E/G ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $179.45. The firm has a 50-day moving average price of $164.55 and a 200 day moving average price of $165.62.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Equities research analysts expect that Thomson Reuters Co. will post 3.96 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is 44.17%.

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.