Assetmark Inc. Buys 249 Shares of Thomson Reuters Co. (NYSE:TRI)

Assetmark Inc. increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,658 shares of the business services provider’s stock after purchasing an additional 249 shares during the quarter. Assetmark Inc.’s holdings in Thomson Reuters were worth $10,916,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of Thomson Reuters in the third quarter worth about $27,000. Pacifica Partners Inc. boosted its stake in shares of Thomson Reuters by 162.0% during the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 149 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Thomson Reuters during the 4th quarter valued at $37,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at $38,000. Finally, Operose Advisors LLC bought a new position in shares of Thomson Reuters in the 3rd quarter worth $37,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

TRI traded down $0.48 on Wednesday, reaching $172.62. The stock had a trading volume of 70,453 shares, compared to its average volume of 319,021. The business’s 50-day moving average price is $158.07 and its two-hundred day moving average price is $150.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a 12-month low of $117.46 and a 12-month high of $173.67. The company has a market cap of $77.90 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 4.59 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.17. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. Sell-side analysts forecast that Thomson Reuters Co. will post 3.67 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.25%. Thomson Reuters’s payout ratio is currently 41.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. TD Securities increased their price target on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Finally, CIBC boosted their price target on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $164.31.

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.