Thomson Reuters Co. (NYSE:TRI) Stock Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 56.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 634,182 shares of the business services provider's stock after selling 825,821 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Thomson Reuters worth $108,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. World Investment Advisors LLC purchased a new position in Thomson Reuters during the third quarter worth about $6,649,000. SkyView Investment Advisors LLC lifted its holdings in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after acquiring an additional 66 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Thomson Reuters by 1.8% during the 3rd quarter. Toronto Dominion Bank now owns 514,250 shares of the business services provider's stock worth $87,731,000 after purchasing an additional 9,200 shares during the period. Geode Capital Management LLC increased its holdings in Thomson Reuters by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider's stock valued at $130,341,000 after purchasing an additional 63,336 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Thomson Reuters in the third quarter valued at approximately $2,538,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 0.6 %

NYSE:TRI traded up $0.93 during trading hours on Thursday, reaching $161.31. 256,707 shares of the company were exchanged, compared to its average volume of 342,892. Thomson Reuters Co. has a 52-week low of $142.80 and a 52-week high of $176.03. The stock has a 50 day simple moving average of $164.84 and a 200 day simple moving average of $166.06. The firm has a market cap of $72.58 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 5.69 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The company's revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRI. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Wells Fargo & Company started coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 price objective for the company. StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $175.20.

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.