Denali Advisors LLC Acquires 1,560 Shares of Thomson Reuters Co. (NYSE:TRI)

Denali Advisors LLC lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,515 shares of the business services provider’s stock after acquiring an additional 1,560 shares during the quarter. Denali Advisors LLC’s holdings in Thomson Reuters were worth $4,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its position in shares of Thomson Reuters by 115.7% in the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after purchasing an additional 516,715 shares during the period. CIBC Asset Management Inc lifted its holdings in Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after buying an additional 395,481 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after buying an additional 255,387 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Thomson Reuters by 909.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock valued at $35,815,000 after acquiring an additional 189,199 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $29,250,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

TRI stock opened at $179.32 on Wednesday. The stock has a market capitalization of $80.70 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73. The stock’s 50 day simple moving average is $166.25 and its 200 day simple moving average is $166.89. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $180.02. 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 released its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed 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. This represents a $2.38 annualized dividend and a dividend yield of 1.33%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s payout ratio is presently 48.67%.

Analyst Upgrades and Downgrades

TRI has been the topic of several research reports. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Scotiabank lifted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. CIBC upped their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their target price 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $182.09.

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.