Thomson Reuters Co. (NYSE:TRI) Shares Sold by Tacita Capital Inc

Tacita Capital Inc lowered its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,532 shares of the business services provider’s stock after selling 384 shares during the quarter. Tacita Capital Inc’s holdings in Thomson Reuters were worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Decker Retirement Planning Inc. purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $33,000. Ashton Thomas Securities LLC purchased a new position in shares of Thomson Reuters in the 3rd quarter valued at about $47,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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. Scotiabank increased their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. 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. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $182.09.

Thomson Reuters Trading Down 0.2 %

Shares of TRI stock opened at $178.53 on Tuesday. The business’s 50 day moving average is $167.42 and its two-hundred day moving average is $167.30. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The company has a market capitalization of $80.35 billion, a P/E ratio of 36.51, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73. 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 (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating 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%. Equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

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