First American Bank Grows Stake in Thomson Reuters Co. (NYSE:TRI)

First American Bank lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,677 shares of the business services provider’s stock after purchasing an additional 283 shares during the quarter. First American Bank’s holdings in Thomson Reuters were worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in Thomson Reuters by 0.8% in the third quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock worth $1,229,716,000 after buying an additional 57,854 shares during the last quarter. Fiera Capital Corp increased its position in shares of Thomson Reuters by 1.0% during the third quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after acquiring an additional 27,714 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after acquiring an additional 255,387 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after acquiring an additional 395,481 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Thomson Reuters by 115.7% in the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock valued at $164,292,000 after acquiring an additional 516,715 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE TRI opened at $176.44 on Friday. The business’s fifty day moving average is $166.78 and its 200 day moving average is $167.03. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $79.40 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating 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%. Sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a dividend of $0.595 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent analyst reports. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Scotiabank boosted their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and an average target price of $182.09.

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.