NewSquare Capital LLC Buys 62 Shares of Thomson Reuters Co. (NYSE:TRI)

NewSquare Capital LLC boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,335 shares of the business services provider’s stock after purchasing an additional 62 shares during the quarter. NewSquare Capital LLC’s holdings in Thomson Reuters were worth $695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters in the 4th quarter valued at $33,000. Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at $47,000. Finally, Nisa Investment Advisors LLC increased its stake in Thomson Reuters by 67.6% in the third quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 200 shares during the period. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TRI. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Canaccord Genuity Group lifted their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Scotiabank increased their price objective on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Thomson Reuters has an average rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $176.00 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.42. The firm has a market cap of $79.21 billion, a P/E ratio of 35.99, a P/E/G ratio of 5.67 and a beta of 0.73. The firm has a 50 day simple moving average of $167.93 and a 200 day simple moving average of $167.44.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate 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 predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is 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.