Swiss National Bank Sells 19,100 Shares of Thomson Reuters Co. (NYSE:TRI)

Swiss National Bank cut its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,955 shares of the business services provider's stock after selling 19,100 shares during the period. Swiss National Bank owned approximately 0.10% of Thomson Reuters worth $73,340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters during the 4th quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters during the 4th quarter worth $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Thomson Reuters by 25.9% during the 4th quarter. Blue Trust Inc. now owns 832 shares of the business services provider's stock worth $142,000 after buying an additional 171 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 0.8 %

Shares of NYSE TRI traded down $1.32 during trading on Wednesday, reaching $171.02. The company had a trading volume of 579,014 shares, compared to its average volume of 456,952. The company's fifty day moving average price is $170.05 and its 200-day moving average price is $167.80. Thomson Reuters Co. has a 12 month low of $149.50 and a 12 month high of $180.42. The stock has a market cap of $76.98 billion, a P/E ratio of 34.97, a PEG ratio of 5.67 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 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%. As a group, research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. 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 annualized dividend and a dividend yield of 1.39%. Thomson Reuters's dividend payout ratio is presently 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Scotiabank boosted their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of "Hold" and a consensus target price of $177.56.

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.