PrairieView Partners LLC Trims Stock Position in Thomson Reuters Co. (NYSE:TRI)

PrairieView Partners LLC lessened its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 17.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,011 shares of the business services provider’s stock after selling 422 shares during the quarter. PrairieView Partners LLC’s holdings in Thomson Reuters were worth $322,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRI. AQR Capital Management LLC acquired a new position in Thomson Reuters during the second quarter worth $236,000. SG Americas Securities LLC lifted its stake in Thomson Reuters by 59.6% during the third quarter. SG Americas Securities LLC now owns 2,095 shares of the business services provider’s stock worth $357,000 after purchasing an additional 782 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares in the last quarter. Creative Planning lifted its stake in Thomson Reuters by 9.0% during the third quarter. Creative Planning now owns 18,342 shares of the business services provider’s stock worth $3,129,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Asset Dedication LLC lifted its stake in Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE TRI opened at $175.89 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $179.45. The business’s 50-day moving average price is $164.83 and its 200 day moving average price is $165.74. The firm has a market cap of $79.15 billion, a P/E ratio of 35.97, a P/E/G ratio of 5.59 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 analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. On average, equities research analysts expect that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 44.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TRI shares. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased 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. Canaccord Genuity Group increased their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, CIBC increased their price objective on Thomson Reuters from $165.00 to $174.00 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.