Toronto Dominion Bank Raises Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Toronto Dominion Bank lifted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 612,251 shares of the business services provider’s stock after purchasing an additional 98,001 shares during the quarter. Toronto Dominion Bank’s holdings in Thomson Reuters were worth $98,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Thomson Reuters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider’s stock valued at $864,195,000 after acquiring an additional 76,382 shares in the last quarter. TD Asset Management Inc. grew its holdings in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after buying an additional 516,605 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after buying an additional 560,450 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Thomson Reuters by 5.5% in the fourth quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider’s stock worth $189,720,000 after buying an additional 61,235 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after acquiring an additional 395,481 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

NYSE TRI opened at $191.23 on Friday. The business’s 50 day moving average price is $177.26 and its 200-day moving average price is $170.60. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $191.42. The company has a market cap of $86.13 billion, a P/E ratio of 39.11, a P/E/G ratio of 5.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. Thomson Reuters’s quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.595 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.24%. Thomson Reuters’s payout ratio is 49.69%.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. TD Securities raised their price target on Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus target price of $183.70.

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.