Banque Cantonale Vaudoise Buys 5,480 Shares of Thomson Reuters Co. (NYSE:TRI)

Banque Cantonale Vaudoise raised its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 5,169.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,586 shares of the business services provider's stock after acquiring an additional 5,480 shares during the period. Banque Cantonale Vaudoise's holdings in Thomson Reuters were worth $954,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Prospera Financial Services Inc increased its position in Thomson Reuters by 10.4% during the 3rd quarter. Prospera Financial Services Inc now owns 2,964 shares of the business services provider's stock worth $506,000 after purchasing an additional 280 shares in the last quarter. Caprock Group LLC grew its stake in shares of Thomson Reuters by 7.6% during the third quarter. Caprock Group LLC now owns 3,506 shares of the business services provider's stock worth $598,000 after buying an additional 248 shares during the last quarter. Swiss National Bank increased its holdings in shares of Thomson Reuters by 0.4% during the third quarter. Swiss National Bank now owns 476,055 shares of the business services provider's stock worth $81,331,000 after buying an additional 2,000 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Thomson Reuters by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,700 shares of the business services provider's stock valued at $972,000 after acquiring an additional 140 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in Thomson Reuters during the 3rd quarter worth $4,387,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TRI. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. Royal Bank of Canada upped 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. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Thomson Reuters presently has a consensus rating of "Hold" and a consensus target price of $176.33.

Thomson Reuters Stock Up 0.7 %

NYSE TRI traded up $1.10 on Thursday, hitting $161.84. 175,128 shares of the company were exchanged, compared to its average volume of 351,394. Thomson Reuters Co. has a 12 month low of $138.09 and a 12 month high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $72.81 billion, a PE ratio of 31.64, a PEG ratio of 5.44 and a beta of 0.73. The stock has a fifty day moving average of $167.84 and a 200-day moving average of $167.33.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. As a group, analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

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.