Public Employees Retirement System of Ohio Purchases Shares of 14,864 Thomson Reuters Co. (NYSE:TRI)

Public Employees Retirement System of Ohio bought a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,864 shares of the business services provider's stock, valued at approximately $2,538,000.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Thomson Reuters during the second quarter worth $221,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Thomson Reuters by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock worth $1,252,000 after buying an additional 74 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Thomson Reuters by 4.8% in the second quarter. Assenagon Asset Management S.A. now owns 4,180 shares of the business services provider's stock worth $704,000 after acquiring an additional 190 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Thomson Reuters in the 2nd quarter valued at approximately $299,000. Finally, NewSquare Capital LLC acquired a new position in Thomson Reuters in the 2nd quarter worth approximately $656,000. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price for the company. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. Scotiabank raised their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. Finally, National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Thomson Reuters presently has a consensus rating of "Hold" and a consensus price target of $175.20.

Thomson Reuters Stock Down 1.1 %

Shares of NYSE:TRI traded down $1.81 on Wednesday, reaching $164.43. The company had a trading volume of 322,369 shares, compared to its average volume of 348,731. The stock has a market capitalization of $73.98 billion, a P/E ratio of 32.37, a P/E/G ratio of 5.69 and a beta of 0.71. The stock has a 50-day moving average price of $166.13 and a 200 day moving average price of $166.66. Thomson Reuters Co. has a twelve month low of $140.33 and a twelve month high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, November 21st. 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 dividend yield of 1.31%. Thomson Reuters's payout ratio is presently 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.