Brighton Jones LLC Acquires New Position in Thomson Reuters Co. (NYSE:TRI)

Brighton Jones LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,151 shares of the business services provider’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont bought a new position in shares of Thomson Reuters during the third quarter valued at approximately $27,000. FinTrust Capital Advisors LLC acquired a new position in Thomson Reuters during the 3rd quarter valued at approximately $28,000. Pacifica Partners Inc. grew its stake in Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after buying an additional 149 shares during the last quarter. Operose Advisors LLC acquired a new stake in Thomson Reuters in the third quarter worth $37,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Thomson Reuters in the fourth quarter valued at $37,000. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TRI. Scotiabank lifted their price objective on shares of Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. CIBC lifted their price objective on shares of Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. TD Securities upped their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. Finally, Royal Bank of Canada raised their target price on shares of Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and a consensus target price of $157.67.

Thomson Reuters Stock Performance

NYSE:TRI opened at $151.46 on Thursday. The company has a 50-day moving average of $155.15 and a 200-day moving average of $145.99. The firm has a market cap of $68.35 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.93 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $161.57.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. Analysts forecast that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s payout ratio is presently 36.99%.

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.