Charles Schwab Investment Management Inc. Increases Holdings in Thomson Reuters Co. (NYSE:TRI)

Charles Schwab Investment Management Inc. lifted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 328,406 shares of the business services provider's stock after buying an additional 9,693 shares during the period. Charles Schwab Investment Management Inc. owned about 0.07% of Thomson Reuters worth $52,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Thomson Reuters by 5.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,146 shares of the business services provider's stock valued at $1,219,000 after acquiring an additional 369 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Thomson Reuters by 4.6% during the third quarter. Axxcess Wealth Management LLC now owns 3,068 shares of the business services provider's stock valued at $523,000 after purchasing an additional 136 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters during the third quarter valued at $47,000. Plato Investment Management Ltd bought a new stake in Thomson Reuters in the 3rd quarter worth about $4,387,000. Finally, OneDigital Investment Advisors LLC raised its position in 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 worth $972,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Wall Street Analysts Forecast Growth

TRI has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted 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. CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank lifted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of "Hold" and a consensus price target of $177.56.

Thomson Reuters Stock Performance

NYSE TRI traded up $1.75 on Monday, hitting $173.92. 348,658 shares of the company traded hands, compared to its average volume of 357,023. The business's 50 day moving average price is $169.55 and its 200-day moving average price is $167.76. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $78.27 billion, a price-to-earnings ratio of 35.57, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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%. 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. Shareholders of record on Thursday, February 20th were given a $0.595 dividend. This is a positive change 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 1.37%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio is presently 48.67%.

Thomson Reuters Company 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.