Thomson Reuters Co. (NYSE:TRI) Shares Bought by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. grew its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,396 shares of the business services provider’s stock after buying an additional 446 shares during the quarter. Thomson Reuters makes up 0.1% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 29th biggest holding. Bristol Gate Capital Partners Inc.’s holdings in Thomson Reuters were worth $1,027,000 as of its most recent SEC filing.

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

Thomson Reuters Stock Performance

NYSE TRI opened at $165.98 on Monday. The company has a market capitalization of $74.71 billion, a PE ratio of 33.94, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The company has a fifty day moving average of $173.30 and a two-hundred day moving average of $167.97. 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 (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data 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 net margin of 30.45% and a return on equity of 14.62%. As a group, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared 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 of this dividend was Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.43%. Thomson Reuters’s dividend payout ratio is 48.67%.

Analyst Ratings Changes

TRI has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective 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. CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Scotiabank raised their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus price target of $177.56.

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.