JARISLOWSKY FRASER Ltd Has $536.66 Million Position in Thomson Reuters Co. (NYSE:TRI)

JARISLOWSKY FRASER Ltd lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,353,428 shares of the business services provider’s stock after selling 171,754 shares during the quarter. Thomson Reuters makes up approximately 3.1% of JARISLOWSKY FRASER Ltd’s holdings, making the stock its 8th biggest holding. JARISLOWSKY FRASER Ltd owned about 0.75% of Thomson Reuters worth $536,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters during the fourth quarter valued at $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 Thomson Reuters during the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRI. Bank of America started coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price objective on the stock. CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Wells Fargo & Company lifted 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. TD Securities increased their target price on Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. 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 report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $183.70.

Thomson Reuters Price Performance

NYSE TRI opened at $187.39 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $189.89. The business has a 50 day simple moving average of $176.04 and a 200 day simple moving average of $169.88. The stock has a market cap of $84.41 billion, a price-to-earnings ratio of 38.32, a PEG ratio of 5.67 and a beta of 0.75.

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

Thomson Reuters Announces Dividend

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

Thomson Reuters Company 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.