Thomson Reuters Co. (NYSE:TRI) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd decreased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 47.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,504 shares of the business services provider’s stock after selling 12,214 shares during the quarter. Plato Investment Management Ltd’s holdings in Thomson Reuters were worth $2,175,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new position in Thomson Reuters during the 4th quarter worth approximately $33,000. Ashton Thomas Securities LLC purchased a new position in Thomson Reuters during the 3rd quarter worth approximately $47,000. Finally, Nisa Investment Advisors LLC grew its position in Thomson Reuters by 67.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.2 %

TRI stock opened at $178.53 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The company has a fifty day simple moving average of $167.42 and a 200 day simple moving average of $167.30. The firm has a market cap of $80.35 billion, a PE ratio of 36.51, a PEG ratio of 5.67 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released 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 net margin of 30.45% and a return on equity of 14.62%. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is presently 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research analyst reports. Scotiabank lifted their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada lifted 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. The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $182.09.

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.