Public Employees Retirement System of Ohio Invests $2.54 Million in Thomson Reuters Co. (NYSE:TRI)

Public Employees Retirement System of Ohio acquired a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 14,864 shares of the business services provider’s stock, valued at approximately $2,538,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its position in Thomson Reuters by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after purchasing an additional 74 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Thomson Reuters by 4.8% in the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock worth $277,000 after purchasing an additional 75 shares in the last quarter. Avitas Wealth Management LLC lifted its position in shares of Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after buying an additional 79 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of Thomson Reuters by 3.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,933 shares of the business services provider’s stock valued at $494,000 after buying an additional 90 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TRI shares. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Scotiabank boosted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company assumed coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $175.20.

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $166.20 on Wednesday. Thomson Reuters Co. has a twelve month low of $138.85 and a twelve month high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $74.78 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 5.69 and a beta of 0.71. The company’s 50 day moving average is $166.13 and its 200 day moving average is $166.66.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is 42.52%.

Thomson Reuters 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.