Thomson Reuters Co. (NYSE:TRI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,456 shares of the business services provider’s stock after purchasing an additional 68 shares during the period. Rhumbline Advisers’ holdings in Thomson Reuters were worth $770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp grew its position in shares of Thomson Reuters by 139.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock worth $1,370,564,000 after acquiring an additional 4,977,006 shares during the last quarter. Norges Bank bought a new position in shares of Thomson Reuters during the fourth quarter worth about $148,221,000. Geode Capital Management LLC grew its position in shares of Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock worth $214,236,000 after acquiring an additional 560,450 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock worth $764,654,000 after acquiring an additional 516,605 shares during the last quarter. Finally, AGF Management Ltd. grew its position in shares of Thomson Reuters by 60.7% during the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider’s stock worth $74,698,000 after acquiring an additional 174,546 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

TRI stock opened at $193.85 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $199.11. The firm has a market capitalization of $87.33 billion, a PE ratio of 39.64, a P/E/G ratio of 5.67 and a beta of 0.77. The firm has a 50-day moving average of $189.71 and a two-hundred day moving average of $175.90.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters’s dividend payout ratio is presently 49.69%.

Analyst Ratings Changes

TRI has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 target price for the company. Wall Street Zen lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. TD Securities increased their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Finally, Barclays increased their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $187.30.

About Thomson Reuters

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.