Vista Investment Partners II LLC Acquires Shares of 16,458 Thomson Reuters Co. (NYSE:TRI)

Vista Investment Partners II LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 16,458 shares of the business services provider’s stock, valued at approximately $2,640,000. Thomson Reuters comprises approximately 1.6% of Vista Investment Partners II LLC’s holdings, making the stock its 25th largest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Thomson Reuters by 1.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 87,768 shares of the business services provider’s stock valued at $14,086,000 after buying an additional 1,238 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Thomson Reuters by 11.0% in the 4th quarter. Larson Financial Group LLC now owns 18,769 shares of the business services provider’s stock worth $3,010,000 after purchasing an additional 1,854 shares during the last quarter. PCJ Investment Counsel Ltd. boosted its position in shares of Thomson Reuters by 19.8% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 9,076 shares of the business services provider’s stock worth $1,456,000 after purchasing an additional 1,500 shares during the last quarter. Oak Hill Wealth Advisors LLC boosted its position in shares of Thomson Reuters by 239.6% in the 4th quarter. Oak Hill Wealth Advisors LLC now owns 2,463 shares of the business services provider’s stock worth $395,000 after purchasing an additional 4,227 shares during the last quarter. Finally, EFG Asset Management Americas Corp. boosted its position in shares of Thomson Reuters by 2.0% in the 4th quarter. EFG Asset Management Americas Corp. now owns 16,702 shares of the business services provider’s stock worth $2,679,000 after purchasing an additional 321 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Trading Up 1.5 %

Thomson Reuters stock opened at $177.66 on Monday. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $79.96 billion, a P/E ratio of 36.33, a PEG ratio of 5.67 and a beta of 0.70. The stock has a 50-day simple moving average of $168.49 and a 200 day simple moving average of $167.63.

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 (EPS) for the quarter, topping 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%. Analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 48.67%.

Analyst Ratings Changes

TRI has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Scotiabank raised their price target 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 price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $182.09.

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.