Thomson Reuters Co. (NYSE:TRI) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 92.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,108 shares of the business services provider's stock after selling 109,921 shares during the period. Bessemer Group Inc.'s holdings in Thomson Reuters were worth $1,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Thomson Reuters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after buying an additional 76,382 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Thomson Reuters by 12.2% in 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 acquiring an additional 516,605 shares in the last quarter. Geode Capital Management LLC raised its stake in Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after buying an additional 560,450 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Thomson Reuters by 52.2% during the 4th 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 during the last quarter. Finally, Norges Bank bought a new stake in shares of Thomson Reuters in the 4th quarter valued at about $148,221,000. Hedge funds and other institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRI shares. Scotiabank boosted their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. CIBC lifted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $177.80.

Thomson Reuters Stock Up 0.9 %

NYSE TRI traded up $1.70 on Friday, hitting $181.95. 877,124 shares of the stock were exchanged, compared to its average volume of 404,393. The company has a 50-day moving average price of $173.55 and a 200-day moving average price of $168.06. The company has a market cap of $81.90 billion, a PE ratio of 37.21, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week 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.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results 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 return on equity of 14.62% and a net margin of 30.45%. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

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

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.