Franklin Resources Inc. Purchases 10,591 Shares of Thomson Reuters Co. (NYSE:TRI)

Franklin Resources Inc. lifted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 20.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 62,399 shares of the business services provider's stock after purchasing an additional 10,591 shares during the quarter. Franklin Resources Inc.'s holdings in Thomson Reuters were worth $10,007,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Thomson Reuters by 33.4% in the third quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider's stock worth $2,757,000 after buying an additional 4,039 shares during the period. XTX Topco Ltd purchased a new position in Thomson Reuters in the 3rd quarter worth approximately $1,157,000. Y Intercept Hong Kong Ltd grew its position in Thomson Reuters by 85.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 4,428 shares of the business services provider's stock valued at $755,000 after acquiring an additional 2,040 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Thomson Reuters during the third quarter valued at approximately $2,538,000. Finally, Geode Capital Management LLC lifted its position in shares of Thomson Reuters by 9.2% during the third quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider's stock worth $130,341,000 after purchasing an additional 63,336 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Thomson Reuters Trading Up 1.1 %

Thomson Reuters stock traded up $1.96 during midday trading on Monday, reaching $174.64. The stock had a trading volume of 39,609 shares, compared to its average volume of 390,266. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $78.61 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 5.67 and a beta of 0.70. The firm's fifty day simple moving average is $173.17 and its two-hundred day simple moving average is $167.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping 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 anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.36%. Thomson Reuters's payout ratio is currently 48.67%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRI. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. 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 note on Friday, February 7th. Scotiabank raised their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. Bank of America assumed coverage on Thomson Reuters in a research note on Thursday. They issued a "neutral" rating and a $180.00 target price for the company. Finally, CIBC boosted their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $177.80.

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.