Fiera Capital Corp Purchases 27,714 Shares of Thomson Reuters Co. (NYSE:TRI)

Fiera Capital Corp lifted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,684,883 shares of the business services provider’s stock after buying an additional 27,714 shares during the quarter. Thomson Reuters accounts for about 1.4% of Fiera Capital Corp’s holdings, making the stock its 23rd biggest position. Fiera Capital Corp’s holdings in Thomson Reuters were worth $458,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC bought a new position in Thomson Reuters in the first quarter worth approximately $232,000. Janney Montgomery Scott LLC raised its position in Thomson Reuters by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,360 shares of the business services provider’s stock valued at $991,000 after buying an additional 331 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Thomson Reuters in the 1st quarter worth approximately $431,000. Quantbot Technologies LP bought a new stake in shares of Thomson Reuters during the 1st quarter worth $610,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in Thomson Reuters by 2.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,654 shares of the business services provider’s stock valued at $1,037,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $176.33.

Thomson Reuters Stock Up 0.3 %

NYSE TRI traded up $0.44 during mid-day trading on Friday, reaching $168.84. The stock had a trading volume of 42,188 shares, compared to its average volume of 354,365. The company has a fifty day moving average price of $168.71 and a 200 day moving average price of $166.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.88. The stock has a market cap of $75.95 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. Thomson Reuters Co. has a 1 year low of $129.02 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, research analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend 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.