Skandinaviska Enskilda Banken AB publ Acquires 560 Shares of Thomson Reuters Co. (NYSE:TRI)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 23,185 shares of the business services provider’s stock after buying an additional 560 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Thomson Reuters were worth $3,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. increased its stake in Thomson Reuters by 17.7% during the fourth quarter. Achmea Investment Management B.V. now owns 21,862 shares of the business services provider’s stock valued at $3,508,000 after acquiring an additional 3,291 shares during the period. Avantax Advisory Services Inc. increased its stake in Thomson Reuters by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,306 shares of the business services provider’s stock valued at $851,000 after acquiring an additional 230 shares during the period. Essential Planning LLC. bought a new position in Thomson Reuters during the fourth quarter valued at about $4,303,000. EverSource Wealth Advisors LLC increased its stake in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 136 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Thomson Reuters by 6.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,773 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 168 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Up 1.3 %

Shares of TRI opened at $172.17 on Monday. The company has a market capitalization of $77.49 billion, a P/E ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70. 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 Co. has a one year low of $149.50 and a one year high of $180.42. The business’s 50 day simple moving average is $169.55 and its 200-day simple moving average is $167.76.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal 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 given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is 48.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRI. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank lifted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.