Waratah Capital Advisors Ltd. Has $4.99 Million Holdings in Thomson Reuters Co. $TRI

Waratah Capital Advisors Ltd. decreased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 76.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,130 shares of the business services provider’s stock after selling 101,663 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Thomson Reuters were worth $4,991,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in shares of Thomson Reuters in the second quarter valued at about $34,000. AlphaCore Capital LLC bought a new stake in Thomson Reuters during the 2nd quarter valued at approximately $39,000. Cullen Frost Bankers Inc. grew its holdings in Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after buying an additional 83 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Thomson Reuters by 30.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after buying an additional 73 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Thomson Reuters in the 3rd quarter worth approximately $57,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Up 11.4%

Shares of TRI opened at $90.09 on Wednesday. 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 company has a 50-day moving average price of $113.92 and a two-hundred day moving average price of $140.41. The stock has a market cap of $40.09 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 5.67 and a beta of 0.79. Thomson Reuters Co. has a 12 month low of $79.71 and a 12 month high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Equities 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 will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.655 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio is currently 78.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRI. The Goldman Sachs Group set a $111.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Saturday, February 7th. UBS Group set a $131.50 price target on shares of Thomson Reuters in a research report on Friday, February 6th. Morgan Stanley set a $116.00 price objective on shares of Thomson Reuters in a report on Friday, February 6th. Wells Fargo & Company set a $140.00 target price on shares of Thomson Reuters and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. decreased their target price on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and an average target price of $156.42.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.