Proficio Capital Partners LLC Makes New $9.83 Million Investment in Thomson Reuters Co. (NYSE:TRI)

Proficio Capital Partners LLC bought a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 61,265 shares of the business services provider’s stock, valued at approximately $9,826,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters in the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Thomson Reuters in the 3rd quarter worth approximately $47,000. Nisa Investment Advisors LLC increased its position in Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. boosted its position in Thomson Reuters by 25.9% during the 4th quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock worth $142,000 after acquiring an additional 171 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of Thomson Reuters in the third quarter worth $155,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 1.3 %

Thomson Reuters stock opened at $178.82 on Monday. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month 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 firm has a market cap of $80.47 billion, a PE ratio of 36.57, a P/E/G ratio of 5.67 and a beta of 0.73. The firm’s 50 day moving average price is $167.11 and its two-hundred day moving average price is $167.20.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results 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 return on equity of 14.62% and a net margin of 30.45%. On average, research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company 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 $0.595 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.33%. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TRI shares. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company 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.