Addenda Capital Inc. Has $8.70 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Addenda Capital Inc. cut its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,215 shares of the business services provider’s stock after selling 155 shares during the period. Addenda Capital Inc.’s holdings in Thomson Reuters were worth $8,695,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TRI. National Bank of Canada FI grew 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 buying an additional 516,715 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock valued at $439,665,000 after acquiring an additional 255,387 shares in the last quarter. Toronto Dominion Bank lifted its position in Thomson Reuters by 87.1% in the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after acquiring an additional 235,145 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Thomson Reuters by 909.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock valued at $35,815,000 after acquiring an additional 189,199 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Thomson Reuters in the 3rd quarter valued at about $29,250,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $159.37 on Tuesday. Thomson Reuters Co. has a 12 month low of $148.08 and a 12 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 business’s 50 day simple moving average is $163.04 and its 200 day simple moving average is $165.33. The company has a market cap of $71.72 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 5.03 and a beta of 0.72.

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

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.36%. Thomson Reuters’s payout ratio is presently 42.52%.

Analyst Ratings Changes

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

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.