Vanguard Group Inc. Increases Stock Position in Thomson Reuters Co. $TRI

Vanguard Group Inc. increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,690,956 shares of the business services provider’s stock after buying an additional 73,725 shares during the quarter. Vanguard Group Inc. owned about 1.27% of Thomson Reuters worth $883,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TRI. Brighton Jones LLC purchased a new position in shares of Thomson Reuters in the 4th quarter worth about $448,000. AQR Capital Management LLC raised its holdings in Thomson Reuters by 30.3% in the first quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after buying an additional 3,988 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Thomson Reuters during the first quarter valued at approximately $205,000. D.A. Davidson & CO. grew its stake in Thomson Reuters by 13.6% during the second quarter. D.A. Davidson & CO. now owns 2,739 shares of the business services provider’s stock worth $551,000 after buying an additional 327 shares during the period. Finally, Ethic Inc. acquired a new stake in shares of Thomson Reuters in the second quarter worth $217,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

TRI has been the topic of several recent research reports. BMO Capital Markets set a $165.00 target price on shares of Thomson Reuters in a report on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. The Goldman Sachs Group set a $111.00 target price on Thomson Reuters and gave the company a “buy” rating in a report on Saturday, February 7th. Finally, Canadian Imperial Bank of Commerce set a $183.00 price target on Thomson Reuters and gave the stock an “outperformer” rating in a research report on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Trading Down 2.3%

Shares of TRI opened at $83.20 on Monday. Thomson Reuters Co. has a one year low of $81.91 and a one year high of $218.42. The stock has a 50-day moving average price of $115.79 and a 200 day moving average price of $141.75. 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 company has a market capitalization of $37.03 billion, a P/E ratio of 17.01, a P/E/G ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.Thomson Reuters’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a $0.655 dividend. This represents a $2.62 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s payout ratio is presently 78.68%.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.