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

Sentry Investment Management LLC trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRI. International Assets Investment Management LLC acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at $29,250,000. Assenagon Asset Management S.A. boosted its stake in Thomson Reuters by 15.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,821 shares of the business services provider’s stock valued at $823,000 after acquiring an additional 641 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Thomson Reuters by 67.6% during the third 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 last quarter. Avitas Wealth Management LLC increased its position in shares of Thomson Reuters by 1.6% during the third quarter. Avitas Wealth Management LLC now owns 21,137 shares of the business services provider’s stock worth $3,606,000 after purchasing an additional 326 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Thomson Reuters by 15.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,137 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 690 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 1.6 %

TRI opened at $179.32 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.02. The stock has a market capitalization of $80.70 billion, a P/E ratio of 36.67, a P/E/G ratio of 5.67 and a beta of 0.73. The business has a 50 day simple moving average of $166.25 and a 200-day simple moving average of $166.89.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released 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 14.62% and a net margin of 30.45%. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

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

Analysts Set New Price Targets

TRI has been the topic of a number of research reports. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Scotiabank increased 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 note on Friday, February 7th. Finally, CIBC raised their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.