Massachusetts Financial Services Co. MA Buys 8,962 Shares of Thomson Reuters Co. (NYSE:TRI)

Massachusetts Financial Services Co. MA grew its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 484,410 shares of the business services provider's stock after purchasing an additional 8,962 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.11% of Thomson Reuters worth $82,640,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TRI. Rothschild Investment LLC acquired a new position in shares of Thomson Reuters during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Asset Dedication LLC grew its stake in shares of Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group bought a new stake in shares of Thomson Reuters in the 3rd quarter worth $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter worth $47,000. 17.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday. Royal Bank of Canada increased their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 6th. Scotiabank raised their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $176.33.

Thomson Reuters Trading Up 0.4 %

Thomson Reuters stock traded up $0.72 during trading hours on Monday, reaching $161.92. The stock had a trading volume of 189,124 shares, compared to its average volume of 351,572. The stock has a market cap of $72.85 billion, a PE ratio of 31.73, a PEG ratio of 5.45 and a beta of 0.73. Thomson Reuters Co. has a 52 week low of $138.30 and a 52 week high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a fifty day simple moving average of $167.38 and a 200-day simple moving average of $167.25.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Thomson Reuters's quarterly revenue was up 8.2% on a year-over-year basis. Analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a $0.54 dividend. The ex-dividend date is Thursday, November 21st. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.33%. Thomson Reuters's payout ratio is 42.52%.

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.