UniSuper Management Pty Ltd Cuts Stake in Thomson Reuters Co. (NYSE:TRI)

UniSuper Management Pty Ltd lessened its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the business services provider’s stock after selling 900 shares during the period. UniSuper Management Pty Ltd’s holdings in Thomson Reuters were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRI. National Bank of Canada FI increased its position in shares of Thomson Reuters by 115.7% during the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after purchasing an additional 516,715 shares in the last quarter. TD Asset Management Inc. boosted its stake in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock worth $764,654,000 after purchasing an additional 516,605 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after buying an additional 395,481 shares in the last quarter. AGF Management Ltd. raised its position in shares of Thomson Reuters by 60.7% in the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider’s stock valued at $74,698,000 after buying an additional 174,546 shares during the last quarter. Finally, Prana Capital Management LP purchased a new position in shares of Thomson Reuters in the third quarter worth about $19,143,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

NYSE TRI opened at $172.78 on Tuesday. The stock has a fifty day simple moving average of $172.56 and a 200-day simple moving average of $167.90. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $77.77 billion, a PE ratio of 35.33, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.38%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s dividend payout ratio is 48.67%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. CIBC upped their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Scotiabank upped their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Thomson Reuters presently has an average rating of “Hold” and an average target price of $177.56.

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.