Thomson Reuters Co. (NYSE:TRI) Shares Sold by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. decreased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 8.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,547 shares of the business services provider's stock after selling 5,953 shares during the quarter. Bank of Nova Scotia Trust Co.'s holdings in Thomson Reuters were worth $10,512,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Thomson Reuters during the fourth quarter worth about $148,221,000. Geode Capital Management LLC grew its holdings in Thomson Reuters by 74.3% during the 4th 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 in the last quarter. TD Asset Management Inc. raised its position in shares of Thomson Reuters by 12.2% during the fourth 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 during the last quarter. CIBC Asset Management Inc lifted its holdings 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 buying an additional 395,481 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in shares of Thomson Reuters by 60.7% during the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock worth $74,698,000 after acquiring an additional 174,546 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

TRI traded down $0.28 during trading on Wednesday, reaching $181.98. The company's stock had a trading volume of 780,756 shares, compared to its average volume of 408,249. Thomson Reuters Co. has a 1 year low of $149.80 and a 1 year high of $184.11. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $81.91 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 5.67 and a beta of 0.70. The firm has a fifty day simple moving average of $173.77 and a two-hundred day simple moving average of $168.32.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 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%. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRI. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. CIBC raised their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $177.80.

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.