Thomson Reuters Co. (NYSE:TRI) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 12.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,764,429 shares of the business services provider’s stock after buying an additional 516,605 shares during the period. TD Asset Management Inc.’s holdings in Thomson Reuters were worth $764,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Investment Advisors MI grew its stake in Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock worth $372,000 after buying an additional 62 shares during the last quarter. NewSquare Capital LLC grew its position in shares of Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after acquiring an additional 64 shares during the period. SkyView Investment Advisors LLC lifted its position in Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in Thomson Reuters by 5.7% during the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 68 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Scotiabank increased their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $171.57 on Tuesday. Thomson Reuters Co. has a 52 week low of $149.50 and a 52 week high of $180.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock has a market cap of $77.28 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company’s 50-day moving average price is $171.11 and its two-hundred day moving average price is $167.84.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate 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 was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s payout ratio is presently 48.67%.

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.