First Affirmative Financial Network Has $353,000 Stock Position in Thomson Reuters Co. (NYSE:TRI)

First Affirmative Financial Network grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,200 shares of the business services provider’s stock after purchasing an additional 288 shares during the quarter. First Affirmative Financial Network’s holdings in Thomson Reuters were worth $353,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Forsta AP Fonden lifted its position in shares of Thomson Reuters by 3.5% during the 4th quarter. Forsta AP Fonden now owns 74,388 shares of the business services provider’s stock valued at $11,939,000 after acquiring an additional 2,500 shares during the period. R Squared Ltd bought a new stake in Thomson Reuters during the 4th quarter worth approximately $186,000. Griffin Asset Management Inc. raised its stake in shares of Thomson Reuters by 4.9% in the fourth quarter. Griffin Asset Management Inc. now owns 6,475 shares of the business services provider’s stock worth $1,038,000 after purchasing an additional 300 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Thomson Reuters by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 64 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Thomson Reuters by 25.9% during the fourth quarter. Blue Trust Inc. now owns 832 shares of the business services provider’s stock valued at $142,000 after buying an additional 171 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 0.5 %

TRI opened at $167.03 on Thursday. Thomson Reuters Co. has a 12 month low of $148.16 and a 12 month high of $176.03. The company has a market cap of $75.16 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. 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 company has a 50 day moving average of $162.82 and a 200 day moving average of $165.14.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of analyst reports. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Scotiabank boosted their price objective on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. CIBC raised their target price on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target for the company. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.10.

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.