Thomson Reuters Co. (NYSE:TRI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,713 shares of the business services provider's stock after purchasing an additional 10,016 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.07% of Thomson Reuters worth $54,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider's stock worth $2,612,000 after acquiring an additional 3,223 shares in the last quarter. &PARTNERS acquired a new stake in Thomson Reuters in the 2nd quarter worth approximately $278,000. Aigen Investment Management LP grew its position in Thomson Reuters by 87.4% during the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider's stock worth $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Toronto Dominion Bank increased its stake in Thomson Reuters by 87.1% during the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after purchasing an additional 235,145 shares in the last quarter. Finally, EFG Asset Management Americas Corp. raised its holdings in shares of Thomson Reuters by 65.4% in the second quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider's stock worth $2,781,000 after buying an additional 6,525 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Shares of TRI stock traded up $0.89 during mid-day trading on Friday, hitting $162.59. 143,503 shares of the stock were exchanged, compared to its average volume of 335,271. Thomson Reuters Co. has a 52-week low of $138.80 and a 52-week high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $73.15 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 5.50 and a beta of 0.73. The firm has a fifty day moving average of $166.55 and a 200 day moving average of $167.04.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion for 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%. Thomson Reuters's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. Research analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on TRI. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. Scotiabank lifted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price objective for the company. Finally, StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and a consensus price target of $175.20.

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.