Thomson Reuters Co. (NYSE:TRI) Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,677 shares of the business services provider’s stock after buying an additional 113 shares during the quarter. Evergreen Capital Management LLC’s holdings in Thomson Reuters were worth $910,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters during the 4th quarter worth $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the fourth quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI opened at $181.95 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $173.55 and its two-hundred day moving average is $168.06. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $184.11. The firm has a market capitalization of $81.90 billion, a PE ratio of 37.21, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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%. Research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current 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 issued a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.31%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 48.67%.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research reports. CIBC boosted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Bank of America initiated coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a “neutral” rating and a $180.00 price target on the stock. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Wells Fargo & Company lifted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Scotiabank increased their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $177.80.

Thomson Reuters 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.