Hilton Capital Management LLC Purchases 1,460 Shares of Thomson Reuters Co. (NYSE:TRI)

Hilton Capital Management LLC lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,169 shares of the business services provider’s stock after purchasing an additional 1,460 shares during the quarter. Thomson Reuters comprises 1.1% of Hilton Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Hilton Capital Management LLC’s holdings in Thomson Reuters were worth $14,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in TRI. West Family Investments Inc. increased its holdings in shares of Thomson Reuters by 3.1% during the third quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock valued at $719,000 after acquiring an additional 126 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of Thomson Reuters by 5,169.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 5,586 shares of the business services provider’s stock worth $954,000 after acquiring an additional 5,480 shares during the last quarter. Prospera Financial Services Inc lifted its position in Thomson Reuters by 10.4% in the 3rd quarter. Prospera Financial Services Inc now owns 2,964 shares of the business services provider’s stock valued at $506,000 after acquiring an additional 280 shares in the last quarter. Caprock Group LLC increased its holdings in Thomson Reuters by 7.6% during the 3rd quarter. Caprock Group LLC now owns 3,506 shares of the business services provider’s stock worth $598,000 after purchasing an additional 248 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Thomson Reuters by 0.4% in the third quarter. Swiss National Bank now owns 476,055 shares of the business services provider’s stock worth $81,331,000 after purchasing an additional 2,000 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 0.3 %

TRI opened at $160.74 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a one year low of $136.93 and a one year high of $176.03. The firm has a market capitalization of $72.32 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73. The company has a fifty day moving average price of $168.07 and a 200-day moving average price of $167.37.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is currently 42.52%.

Wall Street Analysts Forecast Growth

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

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.