Curio Wealth LLC Invests $26,000 in Thomson Reuters Co. (NYSE:TRI)

Curio Wealth LLC acquired a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 163 shares of the business services provider’s stock, valued at approximately $26,000.

Several other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC raised its position in Thomson Reuters by 5.5% during the fourth 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 in the last quarter. Natixis Advisors LLC raised its position in Thomson Reuters by 4.2% during the fourth 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. raised its position in Thomson Reuters by 8,152.6% during the fourth quarter. Intact Investment Management Inc. now owns 75,099 shares of the business services provider’s stock valued at $12,057,000 after acquiring an additional 74,189 shares in the last quarter. Aviso Financial Inc. raised 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 valued at $11,906,000 after acquiring an additional 687 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Thomson Reuters during the fourth quarter valued at approximately $4,722,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRI. Scotiabank lifted their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. CIBC raised their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $177.56.

Thomson Reuters Stock Performance

Shares of NYSE:TRI opened at $173.92 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50 day moving average price is $169.81 and its 200-day moving average price is $167.79. The firm has a market capitalization of $78.28 billion, a PE ratio of 35.57, 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.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly 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 return on equity of 14.62% and a net margin of 30.45%. As a group, equities research analysts expect 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 was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.37%. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

Thomson Reuters Company 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.