Cwm LLC Sells 2,899 Shares of Thomson Reuters Co. (NYSE:TRI)

Cwm LLC cut its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,651 shares of the business services provider’s stock after selling 2,899 shares during the period. Cwm LLC’s holdings in Thomson Reuters were worth $8,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Thomson Reuters in the fourth quarter valued at about $11,438,000. Checchi Capital Advisers LLC increased its position in shares of Thomson Reuters by 3.4% in the third quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider’s stock valued at $741,000 after acquiring an additional 201 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in shares of Thomson Reuters in the fourth quarter valued at about $2,954,000. Sapient Capital LLC purchased a new position in shares of Thomson Reuters in the fourth quarter valued at about $13,461,000. Finally, Cerity Partners LLC increased its position in shares of Thomson Reuters by 103.0% in the fourth quarter. Cerity Partners LLC now owns 11,195 shares of the business services provider’s stock valued at $1,637,000 after acquiring an additional 5,681 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. CIBC boosted their price target on shares of Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. National Bank Financial cut shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. Finally, TD Securities boosted their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $157.42.

Thomson Reuters Trading Up 1.8 %

NYSE:TRI opened at $152.95 on Tuesday. Thomson Reuters Co. has a one year low of $117.46 and a one year high of $161.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day simple moving average is $155.84 and its 200 day simple moving average is $144.84. The firm has a market capitalization of $69.04 billion, a P/E ratio of 26.19, a PEG ratio of 3.91 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. Thomson Reuters’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, analysts forecast that Thomson Reuters Co. will post 3.58 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. Thomson Reuters’s dividend payout ratio is currently 36.99%.

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.