Huntington National Bank Purchases 229 Shares of Thomson Reuters Co. (NYSE:TRI)

Huntington National Bank increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,333 shares of the business services provider’s stock after acquiring an additional 229 shares during the period. Huntington National Bank’s holdings in Thomson Reuters were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Thomson Reuters during the 4th quarter valued at $148,221,000. Geode Capital Management LLC grew its position in shares of Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock worth $214,236,000 after buying an additional 560,450 shares during the period. National Bank of Canada FI increased its stake in shares of Thomson Reuters by 115.7% in the 3rd 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. TD Asset Management Inc. raised its position in shares of Thomson Reuters by 12.2% in the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after acquiring an additional 516,605 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after acquiring an additional 395,481 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 5.6 %

NYSE:TRI opened at $165.98 on Friday. The company has a market cap of $74.71 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The business has a 50 day moving average price of $173.30 and a two-hundred day moving average price of $167.97. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. As a group, analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 48.67%.

Analysts Set New Price Targets

A number of analysts recently commented on TRI shares. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Scotiabank increased their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and an average price target of $177.56.

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.