Avanza Fonder AB Invests $1.39 Million in Thomson Reuters Co. (NYSE:TRI)

Avanza Fonder AB purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,676 shares of the business services provider’s stock, valued at approximately $1,391,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRI. Dimensional Fund Advisors LP lifted its position in shares of Thomson Reuters by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,605 shares of the business services provider’s stock worth $30,954,000 after buying an additional 9,571 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Thomson Reuters by 15.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,966 shares of the business services provider’s stock worth $1,680,000 after acquiring an additional 1,348 shares during the period. Blair William & Co. IL boosted its position in Thomson Reuters by 3.0% in the second 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 last quarter. Bridges Investment Management Inc. grew its stake in Thomson Reuters by 6.8% in the 2nd quarter. Bridges Investment Management Inc. now owns 2,207 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 141 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Thomson Reuters during the 2nd quarter valued at $303,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. CIBC raised their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Scotiabank upped their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price objective for the company. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $176.10.

Thomson Reuters Trading Up 0.8 %

Shares of TRI stock opened at $159.37 on Friday. 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 firm has a market cap of $71.71 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72. The business has a 50-day moving average price of $163.04 and a two-hundred day moving average price of $165.37. Thomson Reuters Co. has a 12-month low of $148.08 and a 12-month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The business 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 revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.36%. Thomson Reuters’s payout ratio is currently 42.52%.

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.