Kestra Private Wealth Services LLC Boosts Stock Position in Thomson Reuters Co. (NYSE:TRI)

Kestra Private Wealth Services LLC lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 83.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,317 shares of the business services provider’s stock after buying an additional 2,882 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Thomson Reuters were worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Thomson Reuters during the 4th quarter worth about $26,000. Asset Dedication LLC increased its holdings in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Thomson Reuters during the 3rd quarter worth about $47,000. Exchange Traded Concepts LLC increased its holdings in Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Thomson Reuters by 67.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 1.7 %

Shares of NYSE TRI opened at $178.93 on Friday. The stock has a market cap of $80.52 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $179.45. The business has a 50-day moving average price of $164.97 and a 200 day moving average price of $165.81.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced 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 return on equity of 14.78% and a net margin of 30.45%. Equities research analysts forecast that Thomson Reuters Co. will post 3.96 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 44.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Scotiabank upped their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and an average target price of $182.09.

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.