TD Asset Management Inc. Acquires 516,605 Shares of Thomson Reuters Co. (NYSE:TRI)

TD Asset Management Inc. grew its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,764,429 shares of the business services provider's stock after acquiring an additional 516,605 shares during the quarter. TD Asset Management Inc. owned about 1.06% of Thomson Reuters worth $764,654,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters in the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Thomson Reuters during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters during the fourth quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Thomson Reuters by 60.4% in 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. Institutional investors own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRI shares. 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 research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Wells Fargo & Company boosted 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. Scotiabank upped their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group lifted their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $177.56.

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Thomson Reuters Trading Down 0.9 %

NYSE TRI traded down $1.60 on Friday, hitting $171.08. 174,115 shares of the stock were exchanged, compared to its average volume of 439,201. The company's 50-day moving average price is $172.06 and its two-hundred day moving average price is $167.94. The company has a market capitalization of $77.00 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. 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 (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. 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 1.39%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's payout ratio is 48.67%.

Thomson Reuters 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.