Clarius Group LLC Decreases Holdings in Thomson Reuters Co. (NYSE:TRI)

Clarius Group LLC lowered its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the business services provider’s stock after selling 205 shares during the period. Clarius Group LLC’s holdings in Thomson Reuters were worth $312,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TRI. Blair William & Co. IL boosted its holdings in shares of Thomson Reuters by 3.0% in the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after purchasing an additional 66 shares during the period. SkyView Investment Advisors LLC boosted its stake in Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock worth $722,000 after buying an additional 66 shares during the period. Signaturefd LLC increased its position in Thomson Reuters by 1.2% during the third quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock valued at $1,288,000 after acquiring an additional 92 shares during the last quarter. PDS Planning Inc raised its stake in shares of Thomson Reuters by 5.7% in the third quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock valued at $382,000 after acquiring an additional 121 shares during the period. Finally, West Family Investments Inc. lifted its holdings in shares of Thomson Reuters by 3.1% in the 3rd quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock worth $719,000 after acquiring an additional 126 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Up 0.8 %

Shares of Thomson Reuters stock opened at $159.37 on Monday. Thomson Reuters Co. has a 1 year low of $148.08 and a 1 year high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $71.71 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 4.89 and a beta of 0.72. The firm’s 50-day moving average is $163.04 and its two-hundred day moving average is $165.35.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. As a group, research analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.54 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.36%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRI. Wells Fargo & Company began coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective on the stock. Scotiabank raised their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. CIBC boosted their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada increased their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $176.10.

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.