Vanguard Group Inc. Raises Holdings in Thomson Reuters Co. (NYSE:TRI)

Vanguard Group Inc. increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,381,842 shares of the business services provider's stock after purchasing an additional 76,382 shares during the quarter. Vanguard Group Inc. owned approximately 1.20% of Thomson Reuters worth $864,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Strategic Investment Advisors MI grew its holdings in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after buying an additional 62 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Thomson Reuters by 5.7% in the fourth 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 increased its position in Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after purchasing an additional 66 shares during the last quarter. Finally, Addison Advisors LLC raised its stake in Thomson Reuters by 5.7% during the fourth 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 own 17.31% of the company's stock.

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Thomson Reuters Trading Up 0.3 %

Thomson Reuters stock traded up $0.56 during trading hours on Wednesday, hitting $174.63. The company had a trading volume of 201,190 shares, compared to its average volume of 435,384. The firm has a market cap of $78.60 billion, a P/E ratio of 35.71, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a 50-day moving average price of $172.79 and a two-hundred day moving average price of $167.91. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's payout ratio is presently 48.67%.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. The Goldman Sachs Group increased their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Scotiabank lifted their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $177.56.

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.