Thomson Reuters Co. (NYSE:TRI) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,563 shares of the business services provider’s stock after purchasing an additional 508 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Thomson Reuters were worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TRI. Caprock Group LLC increased its stake in shares of Thomson Reuters by 7.6% in the third quarter. Caprock Group LLC now owns 3,506 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 248 shares during the period. Prospera Financial Services Inc increased its stake in shares of Thomson Reuters by 10.4% in the third quarter. Prospera Financial Services Inc now owns 2,964 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 280 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of Thomson Reuters by 5,169.8% in the third quarter. Banque Cantonale Vaudoise now owns 5,586 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 5,480 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Thomson Reuters by 73.5% in the third quarter. Advisors Asset Management Inc. now owns 4,265 shares of the business services provider’s stock valued at $728,000 after purchasing an additional 1,807 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Thomson Reuters by 1.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 484,410 shares of the business services provider’s stock valued at $82,640,000 after purchasing an additional 8,962 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Down 0.5 %

Thomson Reuters stock opened at $170.09 on Friday. 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 firm has a market cap of $76.56 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The firm’s 50 day moving average price is $170.48 and its two-hundred day moving average price is $167.84.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.40%. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TRI shares. Scotiabank raised their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three 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 $177.56.

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.