USS Investment Management Ltd Grows Position in Thomson Reuters Co. (NYSE:TRI)

USS Investment Management Ltd raised its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,635 shares of the business services provider’s stock after acquiring an additional 257 shares during the period. USS Investment Management Ltd’s holdings in Thomson Reuters were worth $3,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Curio Wealth LLC bought a new stake in shares of Thomson Reuters in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters during the fourth quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its stake in shares of Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after acquiring an additional 136 shares during the period. Finally, GeoWealth Management LLC boosted its stake in shares of Thomson Reuters by 1,306.6% in the fourth quarter. GeoWealth Management LLC now owns 858 shares of the business services provider’s stock worth $138,000 after acquiring an additional 797 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Down 0.5%

Shares of NYSE TRI opened at $194.17 on Friday. The stock has a market cap of $87.47 billion, a P/E ratio of 39.71, a PEG ratio of 5.67 and a beta of 0.75. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $196.27. The business’s fifty day simple moving average is $179.11 and its 200-day simple moving average is $171.40.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th 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 1.23%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters’s dividend payout ratio is currently 49.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. CIBC increased their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Scotiabank reissued a “sector perform” rating and issued a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. Canaccord Genuity Group increased their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company increased their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.70.

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.