JPMorgan Chase & Co. Increases Stock Position in Thomson Reuters Co. (NYSE:TRI)

JPMorgan Chase & Co. lifted its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 8.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 690,226 shares of the business services provider's stock after purchasing an additional 56,044 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Thomson Reuters worth $110,699,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRI. National Bank of Canada FI grew its position in shares of Thomson Reuters by 115.7% during the third 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 in the last quarter. TD Asset Management Inc. grew its holdings in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after acquiring an additional 516,605 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of 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 valued at $185,011,000 after purchasing an additional 395,481 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Thomson Reuters by 60.7% in the 4th quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock valued at $74,698,000 after purchasing an additional 174,546 shares in the last quarter. Finally, Prana Capital Management LP purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth $19,143,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

TRI has been the topic of a number of analyst reports. Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research note on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company increased their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" 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 company a "hold" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their target price 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. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $177.56.

Thomson Reuters Stock Performance

Shares of NYSE:TRI traded down $3.33 on Monday, reaching $162.65. The company's stock had a trading volume of 942,200 shares, compared to its average volume of 380,964. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The stock has a market capitalization of $73.21 billion, a P/E ratio of 33.26, a PEG ratio of 5.67 and a beta of 0.70. The stock's 50-day moving average is $173.26 and its two-hundred day moving average is $167.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.46%. 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. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.

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.