Cidel Asset Management Inc. Has $20.17 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Cidel Asset Management Inc. lifted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,658 shares of the business services provider’s stock after acquiring an additional 132 shares during the quarter. Thomson Reuters makes up approximately 1.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 23rd biggest position. Cidel Asset Management Inc.’s holdings in Thomson Reuters were worth $20,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRI. Strategic Investment Advisors MI lifted its holdings in shares of Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after purchasing an additional 62 shares during the period. Pacer Advisors Inc. raised its position in Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after purchasing an additional 64 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after buying an additional 66 shares during the last quarter. Signaturefd LLC raised its position in shares of Thomson Reuters by 1.2% during the third quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock worth $1,288,000 after acquiring an additional 92 shares during the last quarter. Finally, PDS Planning Inc raised its position in shares of Thomson Reuters by 5.7% during the third quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock worth $382,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.2 %

NYSE TRI opened at $176.56 on Friday. 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 $149.14 and a 52 week high of $178.35. The business has a 50 day moving average price of $163.98 and a 200-day moving average price of $165.41. The company has a market cap of $79.45 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.35%. Thomson Reuters’s dividend payout ratio (DPR) is presently 44.17%.

Analysts Set New Price Targets

A number of analysts have weighed in on TRI shares. Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday. Canaccord Genuity Group lifted their price objective on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday. Finally, CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of “Hold” and an average price target of $182.09.

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.