PCJ Investment Counsel Ltd. bought a new stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,988 shares of the business services provider’s stock, valued at approximately $1,090,000.

A number of other institutional investors also recently added to or reduced their stakes in TRI. Orion Portfolio Solutions LLC acquired a new position in Thomson Reuters during the 4th quarter valued at about $25,000. Squar Milner Financial Services LLC increased its stake in Thomson Reuters by 75.2% during the 1st quarter. Squar Milner Financial Services LLC now owns 382 shares of the business services provider’s stock valued at $25,000 after buying an additional 164 shares during the period. NEXT Financial Group Inc increased its stake in Thomson Reuters by 52.4% during the 1st quarter. NEXT Financial Group Inc now owns 800 shares of the business services provider’s stock valued at $54,000 after buying an additional 275 shares during the period. Cognios Capital LLC acquired a new position in Thomson Reuters during the 1st quarter valued at about $70,000. Finally, Hexavest Inc. acquired a new position in Thomson Reuters during the 1st quarter valued at about $100,000. 19.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TRI traded up $0.56 during midday trading on Wednesday, hitting $70.82. The stock had a trading volume of 23,197 shares, compared to its average volume of 614,175. Thomson Reuters Corp has a fifty-two week low of $52.23 and a fifty-two week high of $82.50. The business has a 50-day simple moving average of $68.86 and a two-hundred day simple moving average of $71.81. The firm has a market cap of $33.85 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 3.31 and a beta of 0.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, May 5th. The business services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. Thomson Reuters had a return on equity of 7.72% and a net margin of 27.99%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, analysts expect that Thomson Reuters Corp will post 1.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, May 21st will be issued a dividend of $0.38 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.29. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 117.83%.

Several equities analysts have recently issued reports on TRI shares. Barclays lowered their price objective on shares of Thomson Reuters from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. ValuEngine cut shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. National Bank Financial cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and set a $96.00 price objective on the stock. in a research note on Wednesday, April 15th. Bank of America reaffirmed a “buy” rating and issued a $82.00 price objective (up previously from $81.00) on shares of Thomson Reuters in a research note on Wednesday, May 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.22.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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