MML Investors Services LLC Has $2.64 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

MML Investors Services LLC lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 18.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,462 shares of the business services provider's stock after buying an additional 2,537 shares during the period. MML Investors Services LLC's holdings in Thomson Reuters were worth $2,640,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Natixis boosted its position in Thomson Reuters by 739.2% in the fourth quarter. Natixis now owns 14,409 shares of the business services provider's stock valued at $2,311,000 after buying an additional 12,692 shares in the last quarter. Ossiam boosted its holdings in shares of Thomson Reuters by 9.6% during the 4th quarter. Ossiam now owns 25,120 shares of the business services provider's stock valued at $4,032,000 after acquiring an additional 2,192 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Thomson Reuters by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 218,090 shares of the business services provider's stock worth $34,979,000 after acquiring an additional 5,446 shares during the last quarter. GeoWealth Management LLC grew its position in Thomson Reuters by 1,306.6% during the 4th quarter. GeoWealth Management LLC now owns 858 shares of the business services provider's stock worth $138,000 after acquiring an additional 797 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Thomson Reuters by 97.9% in the fourth quarter. Marshall Wace LLP now owns 56,686 shares of the business services provider's stock valued at $9,091,000 after purchasing an additional 28,043 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

Shares of TRI opened at $181.66 on Monday. The firm's fifty day simple moving average is $174.26 and its two-hundred day simple moving average is $168.64. Thomson Reuters Co. has a 12 month low of $149.85 and a 12 month high of $184.11. 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 has a market capitalization of $81.82 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

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 EPS for the quarter, topping 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, analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's payout ratio is presently 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research reports. Bank of America assumed coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. Scotiabank upped their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research report on Friday, February 7th. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Wells Fargo & Company raised their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $177.80.

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.

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