PFG Investments LLC Has $559,000 Holdings in Thomson Reuters Co. (NYSE:TRI)

PFG Investments LLC raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,823 shares of the business services provider’s stock after purchasing an additional 483 shares during the period. PFG Investments LLC’s holdings in Thomson Reuters were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Thomson Reuters by 19.4% in the 1st quarter. American Century Companies Inc. now owns 6,154 shares of the business services provider’s stock valued at $668,000 after acquiring an additional 1,000 shares during the period. Cetera Advisor Networks LLC raised its position in shares of Thomson Reuters by 7.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,945 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 128 shares during the period. BlackRock Inc. raised its position in shares of Thomson Reuters by 11.4% in the 1st quarter. BlackRock Inc. now owns 560,049 shares of the business services provider’s stock valued at $60,961,000 after acquiring an additional 57,200 shares during the period. Vanguard Group Inc. raised its position in shares of Thomson Reuters by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,314,854 shares of the business services provider’s stock valued at $578,521,000 after acquiring an additional 118,225 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Thomson Reuters by 89.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 138,600 shares of the business services provider’s stock valued at $15,061,000 after acquiring an additional 65,534 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRI has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $153.00 target price on shares of Thomson Reuters in a research note on Wednesday, March 13th. CIBC increased their target price on Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Scotiabank increased their target price on Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. TD Securities raised their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. Finally, National Bank Financial cut shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $156.85.

Thomson Reuters Trading Up 0.6 %

Shares of Thomson Reuters stock opened at $155.95 on Thursday. The firm has a 50-day moving average of $154.89 and a 200-day moving average of $141.18. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $161.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $70.40 billion, a PE ratio of 26.71, a PEG ratio of 4.04 and a beta of 0.66.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a $0.54 dividend. The ex-dividend date was Tuesday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.39%. Thomson Reuters’s dividend payout ratio is presently 36.99%.

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.