Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 144,229 shares of the business services provider’s stock after purchasing an additional 7,590 shares during the period. Invesco Ltd.’s holdings in Thomson Reuters were worth $23,131,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TRI. Aviva PLC boosted its position in Thomson Reuters by 1,608.4% during the 4th quarter. Aviva PLC now owns 94,302 shares of the business services provider’s stock worth $15,112,000 after purchasing an additional 88,782 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of Thomson Reuters by 141.4% during the fourth quarter. ExodusPoint Capital Management LP now owns 22,700 shares of the business services provider’s stock worth $3,641,000 after purchasing an additional 13,298 shares in the last quarter. Huntington National Bank boosted its position in shares of Thomson Reuters by 20.7% in the fourth quarter. Huntington National Bank now owns 1,333 shares of the business services provider’s stock worth $214,000 after buying an additional 229 shares during the period. Trexquant Investment LP grew its stake in shares of Thomson Reuters by 4.6% in the fourth quarter. Trexquant Investment LP now owns 71,859 shares of the business services provider’s stock valued at $11,525,000 after buying an additional 3,161 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after buying an additional 560,450 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Up 0.9 %

Shares of Thomson Reuters stock opened at $181.95 on Friday. The business has a 50-day moving average price of $173.62 and a 200 day moving average price of $168.15. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $184.11. The firm has a market cap of $81.90 billion, a P/E ratio of 37.21, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side 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 declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a $0.595 dividend. 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 1.31%. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

Analysts Set New Price Targets

TRI has been the subject of a number of analyst reports. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Saturday. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. CIBC lifted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $177.80.

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.