Van Lanschot Kempen Investment Management N.V. Trims Stake in Thomson Reuters Co. (NYSE:TRI)

Van Lanschot Kempen Investment Management N.V. trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,703 shares of the business services provider’s stock after selling 125 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Thomson Reuters were worth $2,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters in the fourth quarter worth approximately $26,000. Curio Wealth LLC bought a new stake in shares of Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters in the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters during the 4th quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after buying an additional 136 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Saturday. CIBC raised their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Scotiabank upped their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Nine 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, the company currently has a consensus rating of “Hold” and a consensus price target of $177.80.

Thomson Reuters Trading Down 1.0 %

NYSE TRI opened at $180.15 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $173.70 and a two-hundred day simple moving average of $168.22. Thomson Reuters Co. has a 12-month low of $149.80 and a 12-month high of $184.11. The stock has a market cap of $81.08 billion, a P/E ratio of 36.84, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is 48.67%.

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.