Thomson Reuters Co. (NYSE:TRI) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,945 shares of the business services provider's stock after selling 3,506 shares during the quarter. Wells Fargo & Company MN's holdings in Thomson Reuters were worth $22,621,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TRI. Wellington Management Group LLP lifted its position in Thomson Reuters by 33.4% in the third quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider's stock valued at $2,757,000 after acquiring an additional 4,039 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Thomson Reuters by 85.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 4,428 shares of the business services provider's stock valued at $755,000 after purchasing an additional 2,040 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $2,538,000. Geode Capital Management LLC grew its stake in Thomson Reuters by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 754,630 shares of the business services provider's stock worth $130,341,000 after buying an additional 63,336 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Thomson Reuters Stock Performance

TRI traded up $1.70 during trading on Thursday, reaching $181.95. The company's stock had a trading volume of 861,474 shares, compared to its average volume of 404,165. The company's fifty day moving average price is $173.49 and its 200-day moving average price is $167.99. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $184.11. The company has a market capitalization of $81.90 billion, a price-to-earnings ratio of 37.21, 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.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.31%. Thomson Reuters's payout ratio is currently 48.67%.

Analyst Upgrades and Downgrades

TRI has been the subject of several research analyst reports. Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. The Goldman Sachs Group lifted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.