Thomson Reuters Co. (NYSE:TRI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,381,842 shares of the business services provider’s stock after purchasing an additional 76,382 shares during the period. Vanguard Group Inc.’s holdings in Thomson Reuters were worth $864,195,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI boosted its stake in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after buying an additional 516,715 shares during the last quarter. CIBC Asset Management Inc boosted its position in Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after purchasing an additional 395,481 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Thomson Reuters by 909.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock worth $35,815,000 after purchasing an additional 189,199 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of Thomson Reuters by 60.7% during the 4th quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider’s stock valued at $74,698,000 after purchasing an additional 174,546 shares in the last quarter. Finally, Prana Capital Management LP purchased a new position in shares of Thomson Reuters during the 3rd quarter valued at approximately $19,143,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 1.0 %

Shares of TRI opened at $171.01 on Friday. The stock has a 50 day moving average price of $172.29 and a 200 day moving average price of $167.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.39%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several analyst reports. StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday. Scotiabank raised their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. Canaccord Genuity Group lifted their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $177.56.

About Thomson Reuters

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.