Clearbridge Investments LLC Has $220.69 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Clearbridge Investments LLC lessened its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,376,012 shares of the business services provider's stock after selling 16,311 shares during the period. Clearbridge Investments LLC owned about 0.31% of Thomson Reuters worth $220,685,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Thomson Reuters by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 318,713 shares of the business services provider's stock worth $54,421,000 after acquiring an additional 10,016 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of Thomson Reuters during the third quarter worth $377,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Thomson Reuters by 13.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,530 shares of the business services provider's stock worth $14,776,000 after purchasing an additional 10,293 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Thomson Reuters by 21.2% in the third quarter. Icon Wealth Advisors LLC now owns 1,487 shares of the business services provider's stock valued at $254,000 after buying an additional 260 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Thomson Reuters in the third quarter valued at about $3,420,000. Institutional investors own 17.31% of the company's stock.

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Analysts Set New Price Targets

TRI has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Canaccord Genuity Group boosted their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Finally, StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $177.56.

Thomson Reuters Trading Up 0.7 %

Shares of TRI stock traded up $1.29 on Tuesday, reaching $174.07. The company had a trading volume of 418,735 shares, compared to its average volume of 374,571. The company has a 50-day moving average of $172.79 and a 200-day moving average of $167.91. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.42. The stock has a market cap of $78.35 billion, a PE ratio of 35.60, a PEG ratio of 5.67 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.37%. Thomson Reuters's payout ratio is currently 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.