Wellington Management Group LLP Has $1.33 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Wellington Management Group LLP cut its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 48.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,298 shares of the business services provider's stock after selling 7,847 shares during the quarter. Wellington Management Group LLP's holdings in Thomson Reuters were worth $1,332,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TRI. SBI Securities Co. Ltd. bought a new stake in Thomson Reuters in the fourth quarter worth $27,000. Atomi Financial Group Inc. boosted its stake in shares of Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock worth $292,000 after acquiring an additional 252 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock valued at $409,000 after acquiring an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Thomson Reuters by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after purchasing an additional 1,145 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank boosted 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. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Wells Fargo & Company raised their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of "Hold" and an average target price of $177.80.

Thomson Reuters Price Performance

Shares of NYSE:TRI traded up $2.59 on Thursday, hitting $182.84. The stock had a trading volume of 476,493 shares, compared to its average volume of 402,724. The company has a market capitalization of $82.30 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm's 50 day moving average price is $173.49 and its 200-day moving average price is $167.99. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $184.11.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 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, equities research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.30%. Thomson Reuters's payout ratio is currently 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.