Korea Investment CORP Sells 8,581 Shares of Thomson Reuters Co. (NYSE:TRI)

Korea Investment CORP decreased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,439 shares of the business services provider's stock after selling 8,581 shares during the quarter. Korea Investment CORP's holdings in Thomson Reuters were worth $17,885,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Strategic Investment Advisors MI increased its position in Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after buying an additional 62 shares in the last quarter. NewSquare Capital LLC raised its position in shares of Thomson Reuters by 1.5% in the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after buying an additional 62 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock valued at $192,000 after purchasing an additional 64 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after buying an additional 66 shares during the period. Finally, Addison Advisors LLC increased its holdings in Thomson Reuters by 5.7% in the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock valued at $204,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of analyst reports. Scotiabank boosted their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. CIBC lifted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $177.56.

Thomson Reuters Price Performance

Shares of TRI traded up $0.79 during mid-day trading on Thursday, hitting $176.32. 224,427 shares of the company traded hands, compared to its average volume of 434,100. The business has a 50-day moving average of $173.02 and a 200 day moving average of $167.96. The stock has a market capitalization of $79.36 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42. 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 earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal 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 $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 1.35%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) 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.