Quantinno Capital Management LP Increases Position in Thomson Reuters Co. (NYSE:TRI)

Quantinno Capital Management LP increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,483 shares of the business services provider’s stock after buying an additional 1,212 shares during the quarter. Quantinno Capital Management LP’s holdings in Thomson Reuters were worth $2,966,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Thomson Reuters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider’s stock valued at $864,195,000 after purchasing an additional 76,382 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after purchasing an additional 516,605 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after purchasing an additional 560,450 shares during the last quarter. Bank of America Corp DE boosted its holdings in Thomson Reuters by 5.5% in the fourth 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 purchasing an additional 61,235 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in 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 valued at $185,011,000 after purchasing an additional 395,481 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Up 1.4%

TRI opened at $193.98 on Tuesday. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $194.14. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $177.72 and a 200 day moving average price of $170.86. The company has a market cap of $87.37 billion, a PE ratio of 39.67, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.595 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.23%. Thomson Reuters’s dividend payout ratio (DPR) is presently 49.69%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Securities upped their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Wells Fargo & Company upped their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Barclays upped their price target 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. Finally, CIBC upped their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. One 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 a consensus target price of $183.70.

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.