Fmr LLC Boosts Stock Position in Thomson Reuters Co. (NYSE:TRI)

FMR LLC raised its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,209,202 shares of the business services provider's stock after acquiring an additional 57,854 shares during the period. FMR LLC owned approximately 1.60% of Thomson Reuters worth $1,229,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TRI. Janus Henderson Group PLC grew its stake in Thomson Reuters by 23.8% in the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider's stock worth $2,612,000 after buying an additional 3,223 shares in the last quarter. &PARTNERS bought a new stake in Thomson Reuters during the second quarter worth about $278,000. Aigen Investment Management LP boosted its holdings in shares of Thomson Reuters by 87.4% in 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 in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Thomson Reuters during the 3rd quarter valued at about $4,506,000. Finally, Toronto Dominion Bank raised its holdings in shares of 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 buying an additional 235,145 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Up 0.7 %

Shares of NYSE:TRI traded up $1.16 on Wednesday, hitting $161.95. The company had a trading volume of 49,890 shares, compared to its average volume of 352,664. Thomson Reuters Co. has a 1 year low of $138.57 and a 1 year 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 firm's 50-day simple moving average is $166.99 and its two-hundred day simple moving average is $167.15. The firm has a market capitalization of $72.86 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 5.44 and a beta of 0.73.

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

Thomson Reuters Increases Dividend

The company 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 is Thursday, November 21st. This represents a $2.16 annualized dividend and a yield of 1.33%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRI. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd. 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. Wells Fargo & Company started coverage on Thomson Reuters in a research note on Tuesday. They issued an "equal weight" rating and a $165.00 target price for the company. Finally, Scotiabank raised their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.