Entropy Technologies LP Takes $758,000 Position in Thomson Reuters Co. (NYSE:TRI)

Entropy Technologies LP acquired a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,724 shares of the business services provider’s stock, valued at approximately $758,000.

A number of other institutional investors also recently bought and sold shares of TRI. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. Asset Dedication LLC grew its position in Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares during the period. Ashton Thomas Securities LLC purchased a new position in Thomson Reuters in the third quarter worth approximately $47,000. Exchange Traded Concepts LLC raised its position in Thomson Reuters by 104.4% in the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 167 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 200 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. CIBC boosted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price objective 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 boosted their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of “Hold” and an average target price of $182.09.

Thomson Reuters Trading Down 0.2 %

NYSE:TRI opened at $178.63 on Wednesday. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $179.45. The firm has a market cap of $80.38 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $164.55 and a 200 day moving average price of $165.62.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is 44.17%.

About Thomson Reuters

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.