Axxcess Wealth Management LLC Sells 140 Shares of Thomson Reuters Co. (NYSE:TRI)

Axxcess Wealth Management LLC trimmed its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,928 shares of the business services provider’s stock after selling 140 shares during the period. Axxcess Wealth Management LLC’s holdings in Thomson Reuters were worth $470,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Curio Wealth LLC bought a new stake in Thomson Reuters in the fourth quarter worth $26,000. Signaturefd LLC increased its holdings in shares of Thomson Reuters by 5.5% during the 4th quarter. Signaturefd LLC now owns 7,965 shares of the business services provider’s stock valued at $1,277,000 after acquiring an additional 416 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Thomson Reuters by 4.2% in the 4th quarter. Natixis Advisors LLC now owns 14,427 shares of the business services provider’s stock valued at $2,314,000 after acquiring an additional 584 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in Thomson Reuters by 8,152.6% in the 4th quarter. Intact Investment Management Inc. now owns 75,099 shares of the business services provider’s stock worth $12,057,000 after purchasing an additional 74,189 shares during the last quarter. Finally, Aviso Financial Inc. boosted its position in Thomson Reuters by 0.9% during the fourth quarter. Aviso Financial Inc. now owns 74,163 shares of the business services provider’s stock worth $11,906,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

TRI opened at $170.01 on Friday. The stock has a market cap of $76.52 billion, a PE ratio of 34.77, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The stock’s 50 day simple moving average is $170.78 and its 200-day simple moving average is $167.83. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. 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. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s payout ratio is presently 48.67%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRI shares. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wells Fargo & Company upped their price target 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. Scotiabank boosted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, CIBC upped their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.56.

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.