Financial Advocates Investment Management Has $244,000 Stock Position in Thomson Reuters Co. (NYSE:TRI)

Financial Advocates Investment Management raised its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,521 shares of the business services provider’s stock after buying an additional 149 shares during the quarter. Financial Advocates Investment Management’s holdings in Thomson Reuters were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased 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 valued at $1,229,716,000 after acquiring an additional 57,854 shares in the last quarter. Fiera Capital Corp grew its holdings in Thomson Reuters by 1.0% in the third quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock worth $458,559,000 after purchasing an additional 27,714 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock valued at $439,665,000 after purchasing an additional 255,387 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Thomson Reuters by 115.7% during the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock valued at $164,292,000 after purchasing an additional 516,715 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Thomson Reuters by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider’s stock worth $130,341,000 after purchasing an additional 63,336 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRI. CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday. Canaccord Genuity Group upped their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Company lifted 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. 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 report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Trading Down 0.2 %

Shares of TRI stock opened at $176.56 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $79.45 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 52-week low of $149.14 and a 52-week high of $178.35. The company has a 50-day simple moving average of $164.26 and a two-hundred day simple moving average of $165.49.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results 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%. Research analysts anticipate that Thomson Reuters Co. will post 3.96 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s payout ratio is presently 44.17%.

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.