Marshall Wace LLP Has $9.09 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Marshall Wace LLP increased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 97.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 56,686 shares of the business services provider's stock after acquiring an additional 28,043 shares during the period. Marshall Wace LLP's holdings in Thomson Reuters were worth $9,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in shares of Thomson Reuters by 59.5% during the 4th quarter. NewEdge Advisors LLC now owns 6,252 shares of the business services provider's stock valued at $1,003,000 after buying an additional 2,332 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Thomson Reuters by 2.0% during the 4th quarter. Evergreen Capital Management LLC now owns 5,677 shares of the business services provider's stock worth $910,000 after acquiring an additional 113 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Thomson Reuters by 10.5% in the 4th quarter. Bridgewater Associates LP now owns 75,641 shares of the business services provider's stock valued at $12,139,000 after purchasing an additional 7,182 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Thomson Reuters by 69.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 16,245 shares of the business services provider's stock worth $2,605,000 after purchasing an additional 6,656 shares during the last quarter. Finally, Value Partners Investments Inc. grew its position in shares of Thomson Reuters by 3.5% in the 4th quarter. Value Partners Investments Inc. now owns 3,762 shares of the business services provider's stock worth $603,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

TRI has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. CIBC upped their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Bank of America initiated coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus target price of $177.80.

Thomson Reuters Trading Down 0.2 %

NYSE TRI traded down $0.37 on Friday, hitting $181.66. 633,364 shares of the stock were exchanged, compared to its average volume of 411,905. The company's 50-day moving average price is $174.26 and its two-hundred day moving average price is $168.62. 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 Co. has a 52-week low of $149.85 and a 52-week high of $184.17. The company has a market capitalization of $81.76 billion, a price-to-earnings ratio of 37.15, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share 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%. Research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, February 20th. 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%.

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.