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

Curio Wealth LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 163 shares of the business services provider’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its position in shares of Thomson Reuters by 5.5% during the 4th quarter. Signaturefd LLC now owns 7,965 shares of the business services provider’s stock worth $1,277,000 after buying an additional 416 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Thomson Reuters by 4.2% during the 4th quarter. Natixis Advisors LLC now owns 14,427 shares of the business services provider’s stock worth $2,314,000 after buying an additional 584 shares in the last quarter. Intact Investment Management Inc. grew its position in shares of Thomson Reuters by 8,152.6% during the 4th quarter. Intact Investment Management Inc. now owns 75,099 shares of the business services provider’s stock worth $12,057,000 after buying an additional 74,189 shares in the last quarter. Aviso Financial Inc. boosted 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 purchasing an additional 687 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in Thomson Reuters during the fourth quarter valued at about $4,722,000. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Scotiabank raised their price objective 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 research report on Thursday, March 6th. 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 research report on Friday, February 7th. The Goldman Sachs Group raised their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group raised their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and an average target price of $177.56.

Thomson Reuters Trading Up 1.0 %

Thomson Reuters stock opened at $173.92 on Tuesday. The stock has a 50-day moving average of $169.81 and a two-hundred day moving average of $167.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. The stock has a market cap of $78.28 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating 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%. On average, research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.37%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 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.