Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,388 shares of the business services provider's stock after acquiring an additional 2,500 shares during the period. Forsta AP Fonden's holdings in Thomson Reuters were worth $11,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock worth $164,292,000 after buying an additional 516,715 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock valued at $439,665,000 after purchasing an additional 255,387 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Thomson Reuters by 909.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock worth $35,815,000 after purchasing an additional 189,199 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Thomson Reuters during the 3rd quarter worth approximately $29,250,000. Finally, Millennium Management LLC increased its stake in Thomson Reuters by 179.5% during the 2nd quarter. Millennium Management LLC now owns 243,524 shares of the business services provider's stock valued at $41,033,000 after purchasing an additional 156,410 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. CIBC upped their target price on Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Thomson Reuters presently has an average rating of "Hold" and an average target price of $176.10.

Thomson Reuters Price Performance

Shares of TRI stock traded up $3.23 during mid-day trading on Thursday, hitting $170.08. 67,202 shares of the stock were exchanged, compared to its average volume of 282,543. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 52-week low of $148.16 and a 52-week high of $176.03. The firm has a fifty day moving average of $162.95 and a 200 day moving average of $165.16. The company has a market cap of $76.54 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $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 was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.27%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters's dividend payout ratio (DPR) is presently 42.52%.

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.