Thomson Reuters Co. (NYSE:TRI) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,526 shares of the business services provider’s stock after selling 66 shares during the period. Moors & Cabot Inc.’s holdings in Thomson Reuters were worth $405,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth $27,000. Meridian Wealth Management LLC acquired a new stake in Thomson Reuters during the third quarter worth about $4,506,000. Atomi Financial Group Inc. raised its holdings in shares of Thomson Reuters by 16.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after purchasing an additional 252 shares during the period. CIBC Asset Management Inc lifted its stake 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 valued at $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its position in Thomson Reuters by 547.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 6,716 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRI shares. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Scotiabank increased their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Wells Fargo & Company boosted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Performance

Shares of TRI opened at $172.17 on Friday. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. 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 firm has a market cap of $77.49 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70. The business’s 50 day moving average is $169.55 and its two-hundred day moving average is $167.78.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly 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 net margin of 30.45% and a return on equity of 14.62%. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.38%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is presently 48.67%.

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.