Geode Capital Management LLC Acquires 63,336 Shares of Thomson Reuters Co. (NYSE:TRI)

Geode Capital Management LLC boosted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 754,630 shares of the business services provider's stock after acquiring an additional 63,336 shares during the quarter. Geode Capital Management LLC owned 0.17% of Thomson Reuters worth $130,341,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in shares of Thomson Reuters by 3.0% in the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider's stock worth $385,000 after acquiring an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock valued at $1,252,000 after buying an additional 74 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider's stock worth $277,000 after buying an additional 75 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider's stock worth $3,508,000 after buying an additional 79 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Thomson Reuters by 3.2% in the 2nd quarter. Ballentine Partners LLC now owns 2,933 shares of the business services provider's stock valued at $494,000 after acquiring an additional 90 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 1.1 %

TRI traded down $1.81 during trading on Wednesday, hitting $164.43. The company's stock had a trading volume of 322,369 shares, compared to its average volume of 348,731. The stock's fifty day moving average price is $166.13 and its 200-day moving average price is $166.66. The firm has a market capitalization of $73.98 billion, a P/E ratio of 32.37, a PEG ratio of 5.69 and a beta of 0.71. 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 twelve month low of $140.33 and a twelve month high of $176.03.

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

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.54 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters's dividend payout ratio is 42.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRI shares. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price for the company. StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Finally, Scotiabank lifted their price objective on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Thomson Reuters currently has an average rating of "Hold" and a consensus price target of $175.20.

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.