American Century Companies Inc. Decreases Stake in Thomson Reuters Co. (NYSE:TRI)

American Century Companies Inc. lessened its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 47.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,424 shares of the business services provider's stock after selling 12,035 shares during the quarter. American Century Companies Inc.'s holdings in Thomson Reuters were worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the 4th quarter valued at $27,000. Atomi Financial Group Inc. raised its stake in Thomson Reuters by 16.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock valued at $292,000 after acquiring an additional 252 shares during the period. CIBC Asset Management Inc increased its stake in shares of Thomson Reuters by 52.2% in 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 purchasing an additional 395,481 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Thomson Reuters by 26.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock valued at $409,000 after buying an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Thomson Reuters by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after buying an additional 1,145 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. CIBC increased their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank raised their price objective on shares of 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 upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Hold" and a consensus price target of $177.80.

Thomson Reuters Price Performance

TRI traded up $5.41 during trading on Friday, reaching $172.68. The stock had a trading volume of 791,224 shares, compared to its average volume of 391,583. The business has a 50-day moving average of $173.17 and a 200-day moving average of $167.76. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. 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 cap of $77.72 billion, a PE ratio of 35.31, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.38%. Thomson Reuters's dividend payout ratio is 48.67%.

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.