JCIC Asset Management Inc. Has $4.23 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

JCIC Asset Management Inc. increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,360 shares of the business services provider’s stock after purchasing an additional 395 shares during the quarter. Thomson Reuters comprises about 1.7% of JCIC Asset Management Inc.’s portfolio, making the stock its 19th biggest position. JCIC Asset Management Inc.’s holdings in Thomson Reuters were worth $4,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Aigen Investment Management LP raised its holdings in Thomson Reuters by 87.4% during the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Meridian Wealth Management LLC bought a new position in Thomson Reuters during the third quarter worth about $4,506,000. Icon Wealth Advisors LLC increased its stake in Thomson Reuters by 547.4% in the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock valued at $1,355,000 after purchasing an additional 6,716 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Thomson Reuters by 87.1% during the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock worth $85,136,000 after purchasing an additional 235,145 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at $2,127,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

TRI remained flat at $155.09 during trading hours on Monday. The company had a trading volume of 145,143 shares, compared to its average volume of 278,079. The company’s 50 day simple moving average is $164.14 and its 200-day simple moving average is $165.75. Thomson Reuters Co. has a twelve month low of $145.27 and a twelve month high of $176.03. The firm has a market cap of $69.78 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 5.69 and a beta of 0.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

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

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. CIBC lifted their target price on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Scotiabank boosted their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company began coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price target for the company. Finally, Royal Bank of Canada raised their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $176.10.

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.