Alberta Investment Management Corp Sells 11,411 Shares of Thomson Reuters Co. (NYSE:TRI)

Alberta Investment Management Corp trimmed its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,471 shares of the business services provider’s stock after selling 11,411 shares during the period. Alberta Investment Management Corp’s holdings in Thomson Reuters were worth $54,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Advisors MI increased its position in Thomson Reuters by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after buying an additional 62 shares in the last quarter. Pacer Advisors Inc. increased its position in Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after buying an additional 64 shares in the last quarter. SkyView Investment Advisors LLC increased its position in Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after buying an additional 66 shares in the last quarter. Signaturefd LLC boosted its stake in Thomson Reuters by 1.2% during the 3rd quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock valued at $1,288,000 after purchasing an additional 92 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in Thomson Reuters by 5.7% during the 3rd quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 121 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on TRI shares. Royal Bank of Canada lifted their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Scotiabank boosted their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Trading Down 0.1 %

Shares of TRI stock opened at $173.52 on Wednesday. The company’s fifty day simple moving average is $165.40 and its two-hundred day simple moving average is $166.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $179.45. The stock has a market capitalization of $78.09 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 5.57 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued 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%. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a $0.595 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.37%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is presently 44.17%.

About Thomson Reuters

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.