Thomson Reuters Co. (NYSE:TRI) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 14.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,350 shares of the business services provider’s stock after selling 383 shares during the quarter. Sentry Investment Management LLC’s holdings in Thomson Reuters were worth $377,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of Thomson Reuters by 0.8% in the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock worth $1,229,716,000 after buying an additional 57,854 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of Thomson Reuters by 1.0% in the third quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after purchasing an additional 27,714 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock valued at $439,665,000 after purchasing an additional 255,387 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of 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. Finally, National Bank of Canada FI increased its stake in shares of Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after purchasing an additional 516,715 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wells Fargo & Company upped their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Scotiabank boosted their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Stock Up 1.6 %

TRI opened at $179.32 on Wednesday. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.02. The business has a 50-day moving average of $166.25 and a two-hundred day moving average of $166.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $80.70 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (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 14.62%. On average, research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s dividend payout ratio is presently 48.67%.

Thomson Reuters Company 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.