Thomson Reuters Co. (NYSE:TRI) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,497,767 shares of the business services provider’s stock after selling 187,116 shares during the quarter. Thomson Reuters makes up 1.3% of Fiera Capital Corp’s holdings, making the stock its 24th largest position. Fiera Capital Corp’s holdings in Thomson Reuters were worth $400,649,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the 4th quarter worth $26,000. Asset Dedication LLC boosted its stake in shares of Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after buying an additional 130 shares during the period. Ashton Thomas Securities LLC acquired a new position in Thomson Reuters in the 3rd quarter valued at about $47,000. Exchange Traded Concepts LLC raised its stake in Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 167 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Thomson Reuters by 67.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock worth $85,000 after acquiring an additional 200 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRI. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. CIBC lifted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Scotiabank lifted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and an average price target of $182.09.

Thomson Reuters Stock Performance

TRI opened at $175.89 on Thursday. Thomson Reuters Co. has a 1-year low of $149.50 and a 1-year high of $179.45. The stock has a market cap of $79.15 billion, a P/E ratio of 35.97, a P/E/G ratio of 5.59 and a beta of 0.73. The stock’s 50 day simple moving average is $164.83 and its 200 day simple moving average is $165.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.96 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 44.17%.

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.