Penbrook Management LLC Has $4.01 Million Stake in Thomson Reuters Co. (NYSE:TRI)

Penbrook Management LLC cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,004 shares of the business services provider’s stock after selling 481 shares during the period. Thomson Reuters comprises approximately 2.7% of Penbrook Management LLC’s investment portfolio, making the stock its 7th biggest position. Penbrook Management LLC’s holdings in Thomson Reuters were worth $4,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Affirmative Financial Network increased its holdings in shares of Thomson Reuters by 15.1% during the fourth quarter. First Affirmative Financial Network now owns 2,200 shares of the business services provider’s stock worth $353,000 after buying an additional 288 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Thomson Reuters by 3.5% during the fourth quarter. Forsta AP Fonden now owns 74,388 shares of the business services provider’s stock worth $11,939,000 after buying an additional 2,500 shares in the last quarter. R Squared Ltd acquired a new stake in Thomson Reuters in the fourth quarter valued at $186,000. Griffin Asset Management Inc. increased its holdings in Thomson Reuters by 4.9% in the fourth quarter. Griffin Asset Management Inc. now owns 6,475 shares of the business services provider’s stock valued at $1,038,000 after purchasing an additional 300 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Thomson Reuters by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 64 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRI shares. Royal Bank of Canada increased their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective for the company. CIBC increased their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus price target of $176.10.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $167.03 on Thursday. Thomson Reuters Co. has a fifty-two week low of $148.16 and a fifty-two week high of $176.03. The stock has a market cap of $75.16 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50-day simple moving average is $162.82 and its 200 day simple moving average is $165.14.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. This represents a $2.16 annualized dividend and a yield of 1.29%. Thomson Reuters’s dividend payout ratio (DPR) is presently 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.