Ossiam Purchases 2,192 Shares of Thomson Reuters Co. (NYSE:TRI)

Ossiam boosted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,120 shares of the business services provider’s stock after buying an additional 2,192 shares during the quarter. Ossiam’s holdings in Thomson Reuters were worth $4,032,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TRI. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters in the fourth quarter worth $26,000. Curio Wealth LLC bought a new stake in Thomson Reuters during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE:TRI opened at $181.95 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $81.90 billion, a P/E ratio of 37.21, a PEG ratio of 5.67 and a beta of 0.70. The stock has a 50 day simple moving average of $173.62 and a 200 day simple moving average of $168.13. Thomson Reuters Co. has a 1-year low of $149.80 and a 1-year high of $184.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping 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%. Research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.31%. Thomson Reuters’s payout ratio is currently 48.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRI shares. The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Scotiabank increased their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.80.

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.