Signaturefd LLC Buys 237 Shares of Thomson Reuters Co. (NYSE:TRI)

Signaturefd LLC raised its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 7,152 shares of the business services provider’s stock after purchasing an additional 237 shares during the period. Signaturefd LLC’s holdings in Thomson Reuters were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TRI. Trust Co. of Vermont bought a new position in Thomson Reuters in the third quarter worth $27,000. FinTrust Capital Advisors LLC bought a new position in shares of Thomson Reuters during the 3rd quarter worth about $28,000. Pacifica Partners Inc. boosted its position in shares of Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 149 shares in the last quarter. Operose Advisors LLC acquired a new position in Thomson Reuters in the third quarter worth about $37,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Thomson Reuters during the fourth quarter worth about $37,000. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $180.00 in a report on Thursday, March 14th. CIBC increased their target price on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Scotiabank boosted their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Finally, TD Securities raised their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. Nine investment 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.com, the company currently has an average rating of “Hold” and an average target price of $157.42.

Thomson Reuters Stock Up 1.8 %

Shares of TRI opened at $152.95 on Tuesday. The business’s fifty day moving average price is $155.84 and its two-hundred day moving average price is $144.84. The firm has a market capitalization of $69.04 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.91 and a beta of 0.65. 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.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results 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. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. On average, analysts predict that Thomson Reuters Co. will post 3.58 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s payout ratio is 36.99%.

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.