UniSuper Management Pty Ltd Lowers Holdings in Thomson Reuters Co. (NYSE:TRI)

UniSuper Management Pty Ltd reduced its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the business services provider’s stock after selling 900 shares during the period. UniSuper Management Pty Ltd’s holdings in Thomson Reuters were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Verition Fund Management LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth $3,420,000. Benjamin Edwards Inc. grew its stake in Thomson Reuters by 64.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,878 shares of the business services provider’s stock worth $833,000 after purchasing an additional 1,913 shares in the last quarter. Prana Capital Management LP purchased a new stake in Thomson Reuters during the 3rd quarter worth about $19,143,000. Quadrature Capital Ltd acquired a new stake in Thomson Reuters in the 3rd quarter valued at about $8,246,000. Finally, Wellington Management Group LLP boosted its stake in shares of Thomson Reuters by 33.4% in the 3rd quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider’s stock valued at $2,757,000 after buying an additional 4,039 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note 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. Wells Fargo & Company boosted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Finally, Canaccord Genuity Group upped their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Stock Up 1.0 %

Thomson Reuters stock opened at $172.78 on Tuesday. The stock has a 50-day simple moving average of $172.56 and a 200-day simple moving average of $167.90. The company has a market capitalization of $77.77 billion, a P/E ratio of 35.33, a PEG ratio of 5.67 and a beta of 0.70. 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 fifty-two week low of $149.50 and a fifty-two week high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Equities research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a yield of 1.38%. Thomson Reuters’s payout ratio is currently 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.