DekaBank Deutsche Girozentrale Grows Stock Position in Thomson Reuters Co. (NYSE:TRI)

DekaBank Deutsche Girozentrale lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,284 shares of the business services provider’s stock after buying an additional 936 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Thomson Reuters were worth $3,804,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of Thomson Reuters by 25.7% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after buying an additional 78 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 82 shares during the period. Rhumbline Advisers increased its holdings in Thomson Reuters by 1.4% during the 3rd quarter. Rhumbline Advisers now owns 6,176 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 85 shares during the period. Advisor OS LLC increased its holdings in Thomson Reuters by 5.2% during the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 86 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Thomson Reuters by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock valued at $897,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $152.30 on Friday. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $161.57. The firm has a market cap of $68.75 billion, a P/E ratio of 26.08, a PEG ratio of 4.02 and a beta of 0.65. The company has a 50 day moving average of $155.94 and a 200 day moving average of $143.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. As a group, research analysts expect that Thomson Reuters Co. will post 3.58 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.54 per share. The ex-dividend date was Tuesday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a yield of 1.42%. Thomson Reuters’s payout ratio is currently 36.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRI. Royal Bank of Canada restated a “sector perform” rating and set a $153.00 price target on shares of Thomson Reuters in a report on Wednesday, March 13th. CIBC lifted their price objective on Thomson Reuters from $146.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. TD Securities lifted their price objective on Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Finally, National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $157.42.

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.