Yousif Capital Management LLC Boosts Stake in Thomson Reuters Co. (NYSE:TRI)

Yousif Capital Management LLC increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,029 shares of the business services provider’s stock after purchasing an additional 535 shares during the quarter. Yousif Capital Management LLC’s holdings in Thomson Reuters were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TRI. Fifth Third Bancorp boosted its holdings in shares of Thomson Reuters by 25.7% during the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock valued at $56,000 after buying an additional 78 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Thomson Reuters by 0.7% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock worth $1,855,000 after purchasing an additional 82 shares during the period. Advisor OS LLC lifted its holdings in shares of Thomson Reuters by 5.2% during the third quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 86 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Thomson Reuters by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock worth $897,000 after purchasing an additional 93 shares in the last quarter. Finally, Financial Advocates Investment Management grew its stake in shares of Thomson Reuters by 3.7% in the 3rd quarter. Financial Advocates Investment Management now owns 2,771 shares of the business services provider’s stock worth $340,000 after buying an additional 98 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRI has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday. Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. TD Securities raised their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Royal Bank of Canada upped their target price on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, CIBC raised their price target on shares of Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and a consensus price target of $164.31.

Thomson Reuters Price Performance

Shares of TRI opened at $164.74 on Friday. The firm has a fifty day simple moving average of $155.25 and a two-hundred day simple moving average of $146.11. The firm has a market cap of $74.35 billion, a PE ratio of 31.38, a P/E/G ratio of 4.24 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 1-year low of $117.46 and a 1-year high of $166.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.43%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s payout ratio is currently 41.33%.

Thomson Reuters Company 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.