PCJ Investment Counsel Ltd. Has $1.29 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

PCJ Investment Counsel Ltd. decreased its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,576 shares of the business services provider’s stock after selling 360 shares during the period. PCJ Investment Counsel Ltd.’s holdings in Thomson Reuters were worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rothschild Investment LLC bought a new stake in Thomson Reuters during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares during the last quarter. Asset Dedication LLC grew its position in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares during the last quarter. Clean Yield Group bought a new stake in Thomson Reuters during the 3rd quarter worth $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the 3rd quarter worth $47,000. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank upped their price target on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $176.33.

Thomson Reuters Stock Performance

TRI stock opened at $160.74 on Wednesday. The firm has a market cap of $72.32 billion, a PE ratio of 31.64, a P/E/G ratio of 5.47 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average of $168.07 and a 200-day moving average of $167.37. Thomson Reuters Co. has a 12-month low of $136.93 and a 12-month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.34%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is 42.52%.

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.