Intact Investment Management Inc. Has $7.32 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Intact Investment Management Inc. trimmed its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 22.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,056 shares of the business services provider’s stock after selling 14,592 shares during the period. Intact Investment Management Inc.’s holdings in Thomson Reuters were worth $7,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in Thomson Reuters by 25.7% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock valued at $56,000 after buying an additional 78 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 82 shares during the period. Advisor OS LLC lifted its position in shares of Thomson Reuters by 5.2% during the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 86 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Thomson Reuters by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 93 shares during the period. Finally, Financial Advocates Investment Management lifted its position in shares of Thomson Reuters by 3.7% during the 3rd quarter. Financial Advocates Investment Management now owns 2,771 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 98 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Shares of TRI stock traded up $1.83 on Friday, hitting $154.40. 278,801 shares of the company’s stock were exchanged, compared to its average volume of 270,268. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $69.70 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 3.97 and a beta of 0.65. Thomson Reuters Co. has a 12 month low of $117.46 and a 12 month high of $161.57. The company has a 50 day moving average of $155.53 and a 200 day moving average of $145.34.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. On average, equities research analysts predict that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.40%. Thomson Reuters’s dividend payout ratio (DPR) is currently 36.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. CIBC upped their target price on Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Scotiabank upped their target price on Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Barclays upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $153.00 target price on shares of Thomson Reuters in a research report on Wednesday, March 13th. Finally, TD Securities upped their price objective on Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of “Hold” and a consensus target price of $157.42.

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.