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

PrairieView Partners LLC cut its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,011 shares of the business services provider’s stock after selling 422 shares during the period. PrairieView Partners LLC’s holdings in Thomson Reuters were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aigen Investment Management LP raised its holdings in shares of Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after buying an additional 3,417 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Thomson Reuters in the third quarter worth approximately $4,506,000. Atomi Financial Group Inc. raised its holdings in shares of Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after buying an additional 252 shares during the period. Icon Wealth Advisors LLC raised its holdings in shares of Thomson Reuters by 547.4% in the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after buying an additional 6,716 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in shares of Thomson Reuters in the third quarter worth approximately $2,127,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRI. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. CIBC raised their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Canaccord Genuity Group raised their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Trading Down 1.5 %

TRI stock opened at $175.89 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $179.45. The stock has a market cap of $79.15 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 5.59 and a beta of 0.73. The business’s 50-day moving average is $164.83 and its 200 day moving average is $165.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.96 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced 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 is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s payout ratio is currently 44.17%.

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.