Invesco Ltd. Raises Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Invesco Ltd. raised its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,229 shares of the business services provider's stock after acquiring an additional 7,590 shares during the quarter. Invesco Ltd.'s holdings in Thomson Reuters were worth $23,131,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters in the fourth quarter valued at about $26,000. Curio Wealth LLC bought a new stake in shares of Thomson Reuters during the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of TRI stock traded down $0.78 during trading hours on Thursday, hitting $181.24. The company's stock had a trading volume of 163,814 shares, compared to its average volume of 407,653. The stock has a market cap of $81.57 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 12-month low of $149.80 and a 12-month high of $184.11. The company has a 50 day moving average of $173.93 and a 200 day moving average of $168.41. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly 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 net margin of 30.45% and a return on equity of 14.62%. On average, sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed 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 an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's dividend payout ratio (DPR) is presently 48.67%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRI. Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. The Goldman Sachs Group increased their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Thomson Reuters has an average rating of "Hold" and an average target price of $177.80.

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.