Thomson Reuters Co. (NYSE:TRI) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in shares of Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,762 shares of the business services provider’s stock after purchasing an additional 150 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Thomson Reuters were worth $885,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Destiny Wealth Partners LLC increased its holdings in shares of Thomson Reuters by 51.3% in the fourth quarter. Destiny Wealth Partners LLC now owns 286 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Ronald Blue Trust Inc. increased its holdings in shares of Thomson Reuters by 993.3% in the fourth quarter. Ronald Blue Trust Inc. now owns 328 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 298 shares during the period. Guardian Wealth Advisors LLC acquired a new position in shares of Thomson Reuters in the third quarter valued at about $37,000. Baldwin Brothers LLC MA increased its holdings in shares of Thomson Reuters by 23.3% in the fourth quarter. Baldwin Brothers LLC MA now owns 493 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 93 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $71,000. Institutional investors and hedge funds own 20.84% of the company’s stock.

Thomson Reuters Stock Up 0.2 %

TRI opened at $125.90 on Friday. The company has a market cap of $59.30 billion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 3.11 and a beta of 0.58. Thomson Reuters Co. has a twelve month low of $94.56 and a twelve month high of $133.55. The company has a 50-day moving average price of $127.41 and a 200 day moving average price of $120.19. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.25.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last posted its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. Thomson Reuters had a return on equity of 10.55% and a net margin of 17.20%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.66 EPS. Thomson Reuters’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts expect that Thomson Reuters Co. will post 3.31 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 18th will be issued a $0.362 dividend. This represents a $1.45 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, May 17th. Thomson Reuters’s payout ratio is 81.33%.

Analysts Set New Price Targets

TRI has been the topic of a number of research reports. Credit Suisse Group increased their price objective on shares of Thomson Reuters from $138.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 4th. Canaccord Genuity Group lowered Thomson Reuters from a “buy” rating to a “hold” rating and raised their target price for the stock from $124.00 to $131.00 in a report on Wednesday, May 3rd. TD Securities lowered Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, February 16th. Morgan Stanley raised their target price on Thomson Reuters from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, February 10th. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Thomson Reuters has an average rating of “Hold” and an average target price of $139.73.

About Thomson Reuters

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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.