Zurcher Kantonalbank Zurich Cantonalbank Purchases 10,293 Shares of Thomson Reuters Co. (NYSE:TRI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 13.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,530 shares of the business services provider's stock after acquiring an additional 10,293 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Thomson Reuters were worth $14,776,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in Thomson Reuters by 0.8% during the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider's stock worth $1,229,716,000 after acquiring an additional 57,854 shares during the period. TD Asset Management Inc lifted its position in shares of Thomson Reuters by 0.7% in the second quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider's stock worth $686,640,000 after purchasing an additional 26,483 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Thomson Reuters by 1.0% during the third quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock worth $458,559,000 after purchasing an additional 27,714 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Thomson Reuters by 11.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock valued at $439,665,000 after buying an additional 255,387 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Thomson Reuters by 9.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider's stock worth $245,893,000 after buying an additional 125,167 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TRI. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. StockNews.com downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd. Scotiabank increased their price objective on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company began coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $175.20.

Thomson Reuters Stock Performance

Thomson Reuters stock traded up $0.89 on Friday, reaching $162.59. 143,503 shares of the stock were exchanged, compared to its average volume of 335,271. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a twelve month low of $138.80 and a twelve month high of $176.03. The firm has a fifty day moving average price of $166.55 and a two-hundred day moving average price of $167.04. The stock has a market cap of $73.15 billion, a PE ratio of 32.01, a PEG ratio of 5.50 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.54 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters's dividend payout ratio is presently 42.52%.

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.