Jones Financial Companies Lllp Increases Stock Position in Thomson Reuters Co. (NYSE:TRI)

Jones Financial Companies Lllp increased its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,869 shares of the business services provider's stock after purchasing an additional 4,792 shares during the quarter. Jones Financial Companies Lllp's holdings in Thomson Reuters were worth $3,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC raised its position in Thomson Reuters by 0.8% in the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider's stock worth $1,229,716,000 after purchasing an additional 57,854 shares during the period. Fiera Capital Corp raised its position in Thomson Reuters by 1.0% in the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock worth $458,559,000 after purchasing an additional 27,714 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in 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 worth $439,665,000 after purchasing an additional 255,387 shares during the period. CIBC Asset Management Inc raised its position in Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after acquiring an additional 516,715 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Thomson Reuters Price Performance

NYSE:TRI traded up $2.58 during trading hours on Friday, reaching $177.66. 324,291 shares of the company were exchanged, compared to its average volume of 457,513. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average is $168.49 and its 200-day moving average is $167.59. The firm has a market cap of $79.96 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 5.67 and a beta of 0.73. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 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 Monday, March 10th. Investors of record on Thursday, February 20th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio is currently 48.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TRI shares. Wells Fargo & Company boosted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. increased 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. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $182.09.

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.