Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,336 shares of the business services provider’s stock after buying an additional 1,601 shares during the period. Thomson Reuters accounts for 1.5% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 26th largest position. Dixon Mitchell Investment Counsel Inc.’s holdings in Thomson Reuters were worth $32,974,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Thomson Reuters by 0.8% during the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock valued at $1,229,716,000 after acquiring an additional 57,854 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Thomson Reuters by 1.0% in the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after buying an additional 27,714 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Thomson Reuters by 11.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after buying an additional 255,387 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Thomson Reuters by 9.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock valued at $245,893,000 after buying an additional 125,167 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock valued at $164,292,000 after acquiring an additional 516,715 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Scotiabank boosted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. CIBC upped their target price on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company began coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus price target of $176.10.

Thomson Reuters Stock Up 2.0 %

Shares of NYSE TRI opened at $157.55 on Thursday. The business has a 50-day moving average price of $163.60 and a 200 day moving average price of $165.54. The stock has a market cap of $70.90 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 52-week low of $145.27 and a 52-week high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is currently 42.52%.

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.