Bristol Gate Capital Partners Inc. Grows Stock Position in Thomson Reuters Co. (NYSE:TRI)

Bristol Gate Capital Partners Inc. raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,396 shares of the business services provider’s stock after buying an additional 446 shares during the period. Thomson Reuters comprises 0.1% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 29th largest holding. Bristol Gate Capital Partners Inc.’s holdings in Thomson Reuters were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TRI. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the 4th quarter worth approximately $27,000. Atomi Financial Group Inc. raised its stake in Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 252 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after buying an additional 395,481 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock valued at $409,000 after acquiring an additional 526 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Thomson Reuters by 23.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock worth $958,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 5.6 %

Shares of NYSE:TRI opened at $165.98 on Monday. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The business has a 50-day moving average price of $173.30 and a 200-day moving average price of $167.97. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.43%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Wall Street Analyst Weigh In

TRI has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective 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. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Scotiabank raised their target price 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. Finally, CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $177.56.

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.