Thomson Reuters Co. (NYSE:TRI) Stock Holdings Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 59.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,252 shares of the business services provider's stock after buying an additional 2,332 shares during the quarter. NewEdge Advisors LLC's holdings in Thomson Reuters were worth $1,003,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TRI. Vanguard Group Inc. increased its holdings in shares of Thomson Reuters by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after purchasing an additional 76,382 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after acquiring an additional 516,605 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after purchasing an additional 560,450 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after buying an additional 395,481 shares during the period. Finally, Norges Bank purchased a new stake in Thomson Reuters in the 4th quarter worth approximately $148,221,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.4 %

TRI stock traded up $0.75 during mid-day trading on Monday, hitting $182.41. 656,018 shares of the company were exchanged, compared to its average volume of 413,417. The company has a market capitalization of $82.16 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The firm has a fifty day simple moving average of $174.26 and a 200 day simple moving average of $168.64. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a twelve month low of $149.85 and a twelve month high of $184.11.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.30%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is currently 48.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank boosted their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. The Goldman Sachs Group raised their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating 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 report on Saturday, April 19th. Finally, Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $177.80.

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.