Thomson Reuters Co. (NYSE:TRI) Shares Sold by Bokf Na

Bokf Na cut its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 62.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 393 shares of the business services provider’s stock after selling 656 shares during the quarter. Bokf Na’s holdings in Thomson Reuters were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Thomson Reuters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider’s stock worth $864,195,000 after purchasing an additional 76,382 shares during the period. TD Asset Management Inc. increased its stake in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock worth $764,654,000 after buying an additional 516,605 shares during the period. Geode Capital Management LLC lifted its holdings in 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 worth $214,236,000 after buying an additional 560,450 shares in the last quarter. Bank of America Corp DE boosted its position in Thomson Reuters by 5.5% in the 4th quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider’s stock valued at $189,720,000 after buying an additional 61,235 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TRI shares. Canaccord Genuity Group lifted their target price on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. TD Securities boosted their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Barclays raised their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, Scotiabank restated a “sector perform” rating and issued a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.70.

Thomson Reuters Stock Performance

NYSE TRI opened at $187.39 on Friday. The company has a fifty day moving average of $176.04 and a two-hundred day moving average of $169.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $189.89. The company has a market capitalization of $84.41 billion, a PE ratio of 38.32, a P/E/G ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. As a group, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.27%. Thomson Reuters’s dividend payout ratio is presently 49.69%.

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.