HighTower Advisors LLC Purchases 102 Shares of Thomson Reuters Co. (NYSE:TRI)

HighTower Advisors LLC increased its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,349 shares of the business services provider’s stock after acquiring an additional 102 shares during the period. HighTower Advisors LLC’s holdings in Thomson Reuters were worth $1,821,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRI. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters during the fourth quarter worth about $27,000. Atomi Financial Group Inc. grew its holdings in shares of Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after buying an additional 252 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Thomson Reuters by 52.2% in 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 purchasing an additional 395,481 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in Thomson Reuters in the third quarter worth approximately $2,127,000. Finally, Park Avenue Securities LLC boosted its stake in shares of Thomson Reuters by 26.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after acquiring an additional 526 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRI shares. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. The Goldman Sachs Group increased their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has an average rating of “Hold” and an average target price of $177.56.

Thomson Reuters Stock Down 0.0 %

TRI stock opened at $170.01 on Monday. The company has a fifty day moving average price of $170.78 and a 200 day moving average price of $167.81. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.42. The company has a market cap of $76.58 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating 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%. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.40%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is presently 48.67%.

About Thomson Reuters

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.