Wellington Management Group LLP Has $2.76 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Wellington Management Group LLP raised its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 33.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,145 shares of the business services provider's stock after acquiring an additional 4,039 shares during the quarter. Wellington Management Group LLP's holdings in Thomson Reuters were worth $2,757,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TRI. Blair William & Co. IL boosted its position in shares of Thomson Reuters by 3.0% in the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider's stock worth $385,000 after purchasing an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Thomson Reuters by 1.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider's stock worth $1,252,000 after buying an additional 74 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Thomson Reuters by 4.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider's stock valued at $277,000 after acquiring an additional 75 shares during the last quarter. Avitas Wealth Management LLC raised its position in shares of Thomson Reuters by 0.4% in the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider's stock valued at $3,508,000 after acquiring an additional 79 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Thomson Reuters by 3.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,933 shares of the business services provider's stock worth $494,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotiabank increased their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Wells Fargo & Company began coverage on Thomson Reuters in a research report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price target on the stock. Finally, StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $175.20.

Thomson Reuters Stock Down 1.1 %

NYSE:TRI traded down $1.81 during trading hours on Wednesday, reaching $164.43. 322,369 shares of the stock were exchanged, compared to its average volume of 348,731. The stock has a market cap of $73.98 billion, a PE ratio of 32.37, a PEG ratio of 5.69 and a beta of 0.71. Thomson Reuters Co. has a twelve month low of $140.33 and a twelve month high of $176.03. The firm has a 50 day moving average of $166.06 and a 200 day moving average of $166.65. 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 announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a $0.54 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's payout ratio is currently 42.52%.

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.