Ontario Teachers Pension Plan Board Boosts Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Ontario Teachers Pension Plan Board lifted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 69.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,245 shares of the business services provider’s stock after purchasing an additional 6,656 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Thomson Reuters were worth $2,605,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRI. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters during the 4th quarter valued at $27,000. Atomi Financial Group Inc. boosted its position in Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 252 shares in the last quarter. CIBC Asset Management Inc grew its stake in Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock valued at $185,011,000 after purchasing an additional 395,481 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Thomson Reuters by 26.0% in the fourth 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 in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Thomson Reuters by 23.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock valued at $958,000 after buying an additional 1,145 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

NYSE:TRI opened at $176.36 on Tuesday. The firm’s fifty day moving average is $173.32 and its two-hundred day moving average is $167.80. The firm has a market cap of $79.38 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 5.67 and a beta of 0.70. 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 Co. has a one year low of $149.50 and a one year high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on TRI shares. Bank of America started coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They set a “neutral” rating and a $180.00 price objective for the company. The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a report on Friday, February 7th. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, CIBC boosted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $177.80.

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.