Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,810 shares of the business services provider’s stock after acquiring an additional 78 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Thomson Reuters were worth $611,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRI. Strategic Investment Advisors MI lifted its holdings in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after buying an additional 62 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Thomson Reuters by 5.7% in the 4th 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 in the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Thomson Reuters by 5.7% in the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 68 shares in the last quarter. Finally, West Family Investments Inc. raised its holdings in shares of Thomson Reuters by 3.1% in the 3rd quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 126 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group raised their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. 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 report on Friday, February 7th. Scotiabank raised their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $182.09.

Thomson Reuters Trading Up 0.1 %

Shares of Thomson Reuters stock opened at $176.00 on Thursday. The company has a market capitalization of $79.21 billion, a P/E ratio of 35.99, a PEG ratio of 5.67 and a beta of 0.73. The company’s fifty day moving average is $167.93 and its two-hundred day moving average is $167.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Analysts forecast 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 will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. Thomson Reuters’s payout ratio is 48.67%.

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.