Bridgewater Associates LP Grows Position in Thomson Reuters Co. (NYSE:TRI)

Bridgewater Associates LP raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,641 shares of the business services provider's stock after purchasing an additional 7,182 shares during the quarter. Bridgewater Associates LP's holdings in Thomson Reuters were worth $12,139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters in the 4th quarter worth $26,000. Curio Wealth LLC bought a new stake in Thomson Reuters during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters in the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in Thomson Reuters during the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after acquiring an additional 136 shares during the period. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

NYSE:TRI traded up $2.52 during trading hours on Tuesday, reaching $182.67. 105,769 shares of the company were exchanged, compared to its average volume of 510,185. The firm has a market cap of $82.22 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The stock's 50-day moving average is $173.70 and its 200-day moving average is $168.22. 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 Co. has a twelve month low of $149.80 and a twelve month 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, 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%. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a dividend of $0.595 per share. 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 annualized dividend and a dividend yield of 1.30%. Thomson Reuters's payout ratio is presently 48.67%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Saturday. Bank of America initiated coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Finally, Wells Fargo & Company upped their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.