Fiera Capital Corp Grows Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Fiera Capital Corp boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,684,883 shares of the business services provider's stock after acquiring an additional 27,714 shares during the period. Thomson Reuters accounts for 1.4% of Fiera Capital Corp's portfolio, making the stock its 23rd largest position. Fiera Capital Corp owned 0.60% of Thomson Reuters worth $458,559,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TRI. TD Asset Management Inc raised its position in shares of Thomson Reuters by 7.9% in the 1st quarter. TD Asset Management Inc now owns 4,047,773 shares of the business services provider's stock valued at $630,534,000 after acquiring an additional 295,301 shares during the period. Cibc World Market Inc. raised its stake in Thomson Reuters by 26.3% during the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock worth $223,525,000 after buying an additional 276,206 shares during the period. MUFG Securities EMEA plc bought a new position in Thomson Reuters during the second quarter worth about $45,514,000. Toronto Dominion Bank grew its stake in Thomson Reuters by 87.1% in the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after acquiring an additional 235,145 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Thomson Reuters in the third quarter worth about $29,250,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Performance

TRI traded down $0.17 on Friday, hitting $168.23. The company's stock had a trading volume of 201,571 shares, compared to its average volume of 355,099. Thomson Reuters Co. has a 12 month low of $129.02 and a 12 month high of $176.03. The firm has a market cap of $75.68 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 5.59 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The company's 50 day simple moving average is $168.63 and its 200-day simple moving average is $166.72.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data 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 return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Analysts forecast that Thomson Reuters Co. will post 3.71 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.28%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters's payout ratio is presently 42.52%.

Analysts Set New Price Targets

TRI has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Finally, StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $176.33.

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.