Thomson Reuters Co. $TRI Stake Lessened by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. lessened its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 76.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,130 shares of the business services provider’s stock after selling 101,663 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Thomson Reuters were worth $4,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in Thomson Reuters in the 2nd quarter worth about $34,000. AlphaCore Capital LLC acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at about $39,000. Cullen Frost Bankers Inc. increased its holdings in shares of Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 83 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Thomson Reuters by 30.9% in the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after purchasing an additional 73 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Thomson Reuters during the third quarter worth approximately $57,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Up 11.4%

Thomson Reuters stock opened at $90.09 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $40.09 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 5.67 and a beta of 0.79. Thomson Reuters Co. has a one year low of $79.71 and a one year high of $218.42. The company’s fifty day moving average price is $113.92 and its two-hundred day moving average price is $140.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.655 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a yield of 2.9%. Thomson Reuters’s dividend payout ratio (DPR) is currently 78.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRI shares. Canadian Imperial Bank of Commerce set a $183.00 target price on shares of Thomson Reuters and gave the stock an “outperformer” rating in a research report on Friday, January 16th. UBS Group set a $131.50 price target on shares of Thomson Reuters in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. BMO Capital Markets set a $165.00 target price on Thomson Reuters in a research note on Friday, February 6th. Finally, The Goldman Sachs Group set a $111.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research note on Saturday, February 7th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.