Goldman Sachs Group Inc. Purchases 338,896 Shares of Thomson Reuters Co. (NYSE:TRI)

Goldman Sachs Group Inc. increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 53.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 969,443 shares of the business services provider's stock after buying an additional 338,896 shares during the quarter. Goldman Sachs Group Inc. owned 0.21% of Thomson Reuters worth $141,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in Thomson Reuters by 25.7% during the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider's stock worth $56,000 after buying an additional 78 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider's stock valued at $1,855,000 after purchasing an additional 82 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Thomson Reuters by 0.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,979 shares of the business services provider's stock valued at $1,898,000 after purchasing an additional 100 shares during the last quarter. Vise Technologies Inc. grew its stake in Thomson Reuters by 2.0% during the 4th quarter. Vise Technologies Inc. now owns 5,428 shares of the business services provider's stock valued at $794,000 after purchasing an additional 107 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in Thomson Reuters by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 4,577 shares of the business services provider's stock valued at $669,000 after purchasing an additional 124 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on TRI shares. Scotiabank boosted their price target on Thomson Reuters from $159.00 to $164.00 and gave the company a "sector perform" rating in a research note on Friday, May 3rd. National Bank Financial upgraded Thomson Reuters from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, April 23rd. CIBC boosted their price target on Thomson Reuters from $152.00 to $156.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Canaccord Genuity Group boosted their price target on Thomson Reuters from $149.00 to $156.00 and gave the company a "hold" rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada upped their target price on Thomson Reuters from $153.00 to $156.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $168.42.

Thomson Reuters Price Performance

NYSE TRI traded down $0.95 during trading hours on Friday, reaching $167.33. The company's stock had a trading volume of 692,715 shares, compared to its average volume of 355,312. The firm has a market capitalization of $75.40 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 6.43 and a beta of 0.71. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $176.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The company's 50-day moving average is $163.73 and its two-hundred day moving average is $155.04.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.17. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. Thomson Reuters's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities analysts predict that Thomson Reuters Co. will post 3.67 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.54 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.29%. Thomson Reuters's payout ratio is currently 40.57%.

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.