Scotia Capital Inc. Buys 24,842 Shares of Thomson Reuters Co. (NYSE:TRI)

Scotia Capital Inc. lifted its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,499 shares of the business services provider's stock after purchasing an additional 24,842 shares during the quarter. Scotia Capital Inc. owned 0.05% of Thomson Reuters worth $38,795,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Thomson Reuters by 33.4% in the 3rd quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider's stock worth $2,757,000 after buying an additional 4,039 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Thomson Reuters by 85.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 4,428 shares of the business services provider's stock worth $755,000 after acquiring an additional 2,040 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Thomson Reuters in the third quarter worth $2,538,000. Geode Capital Management LLC increased its stake in Thomson Reuters by 9.2% in the third quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider's stock valued at $130,341,000 after acquiring an additional 63,336 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Thomson Reuters by 1.8% during the third quarter. Toronto Dominion Bank now owns 514,250 shares of the business services provider's stock valued at $87,731,000 after purchasing an additional 9,200 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Trading Up 1.5 %

Thomson Reuters stock traded up $2.69 during trading hours on Tuesday, reaching $179.05. The stock had a trading volume of 379,467 shares, compared to its average volume of 392,385. The stock has a market cap of $80.59 billion, a PE ratio of 36.62, a PEG ratio of 5.67 and a beta of 0.70. The company has a fifty day simple moving average of $173.32 and a 200-day simple moving average of $167.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) 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%. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.

Analyst Ratings Changes

TRI has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Bank of America initiated coverage on Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price for the company. Scotiabank lifted their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. CIBC upped their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.