Thomson Reuters Co. (NYSE:TRI) Stock Holdings Lessened by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,526 shares of the business services provider’s stock after selling 66 shares during the period. Moors & Cabot Inc.’s holdings in Thomson Reuters were worth $405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in shares of Thomson Reuters by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider’s stock worth $1,219,000 after purchasing an additional 369 shares during the period. OneDigital Investment Advisors LLC grew its stake in Thomson Reuters by 2.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,700 shares of the business services provider’s stock worth $972,000 after buying an additional 140 shares during the last quarter. Swiss National Bank lifted its stake in Thomson Reuters by 0.4% in the third quarter. Swiss National Bank now owns 476,055 shares of the business services provider’s stock valued at $81,331,000 after buying an additional 2,000 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Thomson Reuters by 7.6% during the third quarter. Caprock Group LLC now owns 3,506 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 248 shares during the period. Finally, Prospera Financial Services Inc grew its position in shares of Thomson Reuters by 10.4% during the third quarter. Prospera Financial Services Inc now owns 2,964 shares of the business services provider’s stock worth $506,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TRI shares. Wells Fargo & Company lifted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Price Performance

NYSE:TRI opened at $172.17 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $169.55 and its 200 day moving average price is $167.78. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The firm has a market cap of $77.49 billion, a P/E ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (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%. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. Thomson Reuters’s dividend payout ratio (DPR) is currently 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.