Thomson Reuters Co. (NYSE:TRI) Shares Bought by Aviva PLC

Aviva PLC raised its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1,608.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,302 shares of the business services provider's stock after acquiring an additional 88,782 shares during the period. Aviva PLC's holdings in Thomson Reuters were worth $15,112,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TRI. ExodusPoint Capital Management LP grew its position in shares of Thomson Reuters by 141.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 22,700 shares of the business services provider's stock valued at $3,641,000 after acquiring an additional 13,298 shares during the period. Huntington National Bank grew its stake in shares of Thomson Reuters by 20.7% during the 4th quarter. Huntington National Bank now owns 1,333 shares of the business services provider's stock valued at $214,000 after acquiring an additional 229 shares during the period. Trexquant Investment LP raised its stake in Thomson Reuters by 4.6% during the 4th quarter. Trexquant Investment LP now owns 71,859 shares of the business services provider's stock worth $11,525,000 after acquiring an additional 3,161 shares during the period. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 560,450 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Thomson Reuters by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 62,399 shares of the business services provider's stock worth $10,007,000 after purchasing an additional 10,591 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Thomson Reuters Trading Up 3.2 %

Shares of NYSE TRI traded up $5.41 during mid-day trading on Friday, reaching $172.68. The company had a trading volume of 791,224 shares, compared to its average volume of 391,583. The stock has a market cap of $77.72 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The business's 50-day moving average is $173.17 and its 200-day moving average is $167.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

Analysts Set New Price Targets

TRI has been the subject of several research analyst reports. Canaccord Genuity Group increased 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. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, Bank of America assumed coverage on Thomson Reuters in a report on Thursday. They set a "neutral" rating and a $180.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus price target of $177.80.

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.