Aviso Financial Inc. Purchases 687 Shares of Thomson Reuters Co. (NYSE:TRI)

Aviso Financial Inc. lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,163 shares of the business services provider’s stock after acquiring an additional 687 shares during the quarter. Aviso Financial Inc.’s holdings in Thomson Reuters were worth $11,906,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Thomson Reuters by 0.8% in the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock worth $1,229,716,000 after acquiring an additional 57,854 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after acquiring an additional 255,387 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after acquiring an additional 395,481 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Thomson Reuters by 115.7% in the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after acquiring an additional 516,715 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Thomson Reuters by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider’s stock worth $130,341,000 after acquiring an additional 63,336 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

TRI has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group increased their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $177.80.

Thomson Reuters Price Performance

NYSE TRI opened at $170.01 on Friday. The company has a market cap of $76.51 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $169.35 and its two-hundred day simple moving average is $167.76.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.40%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s dividend payout ratio is presently 48.67%.

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.