Sequoia Financial Advisors LLC Grows Holdings in Thomson Reuters Co. (NYSE:TRI)

Sequoia Financial Advisors LLC grew its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,773 shares of the business services provider’s stock after acquiring an additional 168 shares during the period. Sequoia Financial Advisors LLC’s holdings in Thomson Reuters were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC boosted its position in Thomson Reuters by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,700 shares of the business services provider’s stock valued at $972,000 after buying an additional 140 shares during the period. Swiss National Bank raised its stake in shares of Thomson Reuters by 0.4% during the third quarter. Swiss National Bank now owns 476,055 shares of the business services provider’s stock valued at $81,331,000 after acquiring an additional 2,000 shares in the last quarter. Caprock Group LLC raised its stake in shares of Thomson Reuters by 7.6% during the third quarter. Caprock Group LLC now owns 3,506 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 248 shares in the last quarter. Prospera Financial Services Inc grew its stake in Thomson Reuters by 10.4% in the third quarter. Prospera Financial Services Inc now owns 2,964 shares of the business services provider’s stock worth $506,000 after purchasing an additional 280 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in Thomson Reuters by 5,169.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 5,586 shares of the business services provider’s stock worth $954,000 after purchasing an additional 5,480 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRI. Canaccord Genuity Group upped their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. CIBC boosted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank upped their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $172.34 on Wednesday. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $180.42. The business’s fifty day simple moving average is $170.05 and its 200-day simple moving average is $167.80. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market cap of $77.57 billion, a PE ratio of 35.24, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly 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%. Analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 1.38%. The ex-dividend date was Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 48.67%.

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.