Pinnacle Wealth Planning Services Inc. Sells 995 Shares of Thomson Reuters Co. (NYSE:TRI)

Pinnacle Wealth Planning Services Inc. decreased its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 44.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,260 shares of the business services provider’s stock after selling 995 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Thomson Reuters were worth $202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after purchasing an additional 200 shares during the period. Janney Montgomery Scott LLC increased its position in Thomson Reuters by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider’s stock worth $1,219,000 after buying an additional 369 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Thomson Reuters by 10.0% in the third quarter. QRG Capital Management Inc. now owns 1,739 shares of the business services provider’s stock valued at $297,000 after buying an additional 158 shares during the period. Fiera Capital Corp lifted its position in shares of Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after buying an additional 27,714 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Thomson Reuters by 1.2% during the 3rd quarter. Assetmark Inc. now owns 74,768 shares of the business services provider’s stock worth $12,755,000 after acquiring an additional 904 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

TRI stock opened at $177.66 on Friday. The firm has a 50 day simple moving average of $168.49 and a two-hundred day simple moving average of $167.59. The stock has a market cap of $79.96 billion, a PE ratio of 36.33, a P/E/G ratio of 5.67 and a beta of 0.73. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be paid a $0.595 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.34%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is currently 48.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TRI shares. Wells Fargo & Company boosted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Canaccord Genuity Group boosted their target price 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. CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.