Nisa Investment Advisors LLC Grows Stake in Thomson Reuters Co. (NYSE:TRI)

Nisa Investment Advisors LLC boosted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 67.6% during the third quarter, Holdings Channel reports. The firm owned 496 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Thomson Reuters were worth $85,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRI. Forsta AP Fonden raised its stake in shares of Thomson Reuters by 11.8% during the 3rd quarter. Forsta AP Fonden now owns 71,888 shares of the business services provider’s stock worth $12,276,000 after buying an additional 7,600 shares during the last quarter. Ballentine Partners LLC increased its holdings in Thomson Reuters by 30.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,822 shares of the business services provider’s stock valued at $652,000 after acquiring an additional 889 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Thomson Reuters by 15.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,821 shares of the business services provider’s stock worth $823,000 after acquiring an additional 641 shares during the last quarter. JCIC Asset Management Inc. lifted its holdings in shares of Thomson Reuters by 3.5% in the third quarter. JCIC Asset Management Inc. now owns 25,965 shares of the business services provider’s stock valued at $4,429,000 after purchasing an additional 875 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Thomson Reuters in the third quarter valued at approximately $29,250,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI opened at $168.45 on Friday. Thomson Reuters Co. has a 1 year low of $127.68 and a 1 year high of $176.03. The company’s 50 day simple moving average is $168.71 and its 200 day simple moving average is $166.61. The stock has a market capitalization of $75.78 billion, a PE ratio of 32.30, a P/E/G ratio of 5.55 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.71 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is 41.46%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRI. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday. Scotiabank increased 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. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.