Bridgewater Associates LP Makes New $11.69 Million Investment in Thomson Reuters Co. (NYSE:TRI)

Bridgewater Associates LP bought a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 68,459 shares of the business services provider's stock, valued at approximately $11,690,000.

Other large investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Thomson Reuters in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Asset Dedication LLC raised its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Clean Yield Group bought a new stake in Thomson Reuters in the 3rd quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $47,000. Institutional investors own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 6th. Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $175.20.

Thomson Reuters Price Performance

Shares of NYSE TRI traded up $1.05 during midday trading on Friday, reaching $162.75. 143,503 shares of the company were exchanged, compared to its average volume of 352,669. The stock's 50-day moving average price is $166.69 and its 200-day moving average price is $167.08. The stock has a market cap of $73.22 billion, a P/E ratio of 31.83, a PEG ratio of 5.47 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a one year low of $138.80 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Thomson Reuters's quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's payout ratio is presently 42.52%.

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.