Ontario Teachers Pension Plan Board Has $1.64 Million Stake in Thomson Reuters Co. (NYSE:TRI)

Ontario Teachers Pension Plan Board cut its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 31.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,589 shares of the business services provider's stock after selling 4,334 shares during the period. Ontario Teachers Pension Plan Board's holdings in Thomson Reuters were worth $1,635,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TRI. Vanguard Group Inc. boosted its holdings in shares of Thomson Reuters by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider's stock valued at $894,442,000 after acquiring an additional 41,680 shares in the last quarter. TD Asset Management Inc increased its holdings in Thomson Reuters by 0.7% during the second quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider's stock worth $686,640,000 after buying an additional 26,483 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock worth $458,559,000 after acquiring an additional 27,714 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Thomson Reuters by 11.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock worth $439,665,000 after purchasing an additional 255,387 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Thomson Reuters by 9.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider's stock valued at $245,893,000 after acquiring an additional 125,167 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

TRI traded up $1.81 during midday trading on Thursday, reaching $162.02. 123,799 shares of the company's stock were exchanged, compared to its average volume of 351,915. Thomson Reuters Co. has a 1-year low of $138.09 and a 1-year high of $176.03. The stock has a market capitalization of $72.89 billion, a PE ratio of 31.89, a P/E/G ratio of 5.44 and a beta of 0.73. The business's 50-day moving average price is $167.61 and its 200 day moving average price is $167.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, equities analysts anticipate 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. Investors of record on Thursday, November 21st will be issued a dividend of $0.54 per share. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's payout ratio is presently 42.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TRI shares. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, Scotiabank upped their price target 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. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Thomson Reuters currently has an average rating of "Hold" and a consensus price target of $176.33.

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.