First Trust Advisors LP Has $46.61 Million Position in Thomson Reuters Co. (NYSE:TRI)

First Trust Advisors LP trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 290,608 shares of the business services provider's stock after selling 9,376 shares during the quarter. First Trust Advisors LP owned approximately 0.06% of Thomson Reuters worth $46,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $148,221,000. Geode Capital Management LLC boosted its holdings in Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares in the last quarter. TD Asset Management Inc. increased its position in Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after buying an additional 516,605 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after buying an additional 395,481 shares in the last quarter. Finally, AGF Management Ltd. lifted its position in shares of Thomson Reuters by 60.7% in the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock worth $74,698,000 after buying an additional 174,546 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Performance

NYSE TRI traded down $0.37 during midday trading on Friday, hitting $181.66. The company had a trading volume of 633,364 shares, compared to its average volume of 412,440. The firm has a fifty day simple moving average of $174.26 and a two-hundred day simple moving average of $168.63. The stock has a market cap of $81.82 billion, a price-to-earnings ratio of 37.15, a P/E/G 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. Thomson Reuters Co. has a fifty-two week low of $149.85 and a fifty-two week high of $184.11.

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, topping 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%. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This is a boost 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 dividend yield of 1.31%. Thomson Reuters's dividend payout ratio is currently 48.67%.

Analyst Ratings Changes

A number of research analysts have recently commented on TRI shares. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Bank of America initiated coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. CIBC boosted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Scotiabank upped their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of "Hold" and a consensus 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.