Northern Trust Corp Grows Stake in Thomson Reuters Co. (NYSE:TRI)

Northern Trust Corp increased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 50.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,554 shares of the business services provider’s stock after purchasing an additional 68,314 shares during the period. Northern Trust Corp’s holdings in Thomson Reuters were worth $32,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in shares of Thomson Reuters in the fourth quarter worth $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters in the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in shares of Thomson Reuters during the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after purchasing an additional 136 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $187.39 on Friday. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $189.89. The company has a market capitalization of $84.41 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The stock’s fifty day moving average is $176.04 and its two-hundred day moving average is $169.88. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. As a group, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.27%. Thomson Reuters’s dividend payout ratio (DPR) is currently 49.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRI shares. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” 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 company a “neutral” rating in a research note on Friday, February 7th. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, Barclays increased their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters has a consensus rating of “Hold” and an average target price of $183.70.

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.