FIL Ltd Grows Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

FIL Ltd raised its stake in Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,994,299 shares of the business services provider’s stock after buying an additional 445,444 shares during the period. Thomson Reuters comprises 0.8% of FIL Ltd’s holdings, making the stock its 25th biggest holding. FIL Ltd owned about 1.10% of Thomson Reuters worth $730,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TRI. FMR LLC lifted its position in shares of Thomson Reuters by 26.3% in the 3rd quarter. FMR LLC now owns 5,657,244 shares of the business services provider’s stock worth $692,059,000 after purchasing an additional 1,179,155 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Thomson Reuters by 6.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,088,818 shares of the business services provider’s stock worth $500,872,000 after purchasing an additional 240,148 shares during the period. TD Asset Management Inc lifted its position in shares of Thomson Reuters by 30.8% in the 4th quarter. TD Asset Management Inc now owns 3,752,472 shares of the business services provider’s stock worth $551,317,000 after purchasing an additional 884,572 shares during the period. 1832 Asset Management L.P. lifted its position in Thomson Reuters by 0.8% during the fourth quarter. 1832 Asset Management L.P. now owns 1,783,086 shares of the business services provider’s stock valued at $260,723,000 after acquiring an additional 13,747 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new stake in Thomson Reuters during the third quarter valued at approximately $170,036,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

TRI traded down $0.95 during midday trading on Friday, hitting $167.33. 633,415 shares of the company traded hands, compared to its average volume of 334,783. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $75.40 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 6.50 and a beta of 0.71. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $176.03. The business has a 50 day simple moving average of $163.42 and a two-hundred day simple moving average of $154.75.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, equities analysts forecast that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, May 15th. Thomson Reuters’s dividend payout ratio is currently 40.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. UBS Group upped their price target on shares of Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. TD Securities upped their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and an average price target of $168.42.

Check Out Our Latest Research Report on Thomson Reuters

Thomson Reuters Company Profile

(Free Report)

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.

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

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