Vanguard Personalized Indexing Management LLC Has $875,000 Position in Thomson Reuters Co. (NYSE:TRI)

Vanguard Personalized Indexing Management LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) by 7.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,156 shares of the business services provider’s stock after acquiring an additional 502 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Thomson Reuters were worth $875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in shares of Thomson Reuters by 4.2% in the third quarter. Sequoia Financial Advisors LLC now owns 2,671 shares of the business services provider’s stock valued at $327,000 after buying an additional 107 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Thomson Reuters during the third quarter worth $686,000. Cumberland Partners Ltd lifted its holdings in Thomson Reuters by 2.1% during the 3rd quarter. Cumberland Partners Ltd now owns 227,831 shares of the business services provider’s stock worth $27,958,000 after buying an additional 4,738 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Thomson Reuters in the third quarter valued at approximately $3,881,000. Finally, Kestra Private Wealth Services LLC raised its holdings in Thomson Reuters by 7.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,874 shares of the business services provider’s stock worth $352,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $154.56 on Tuesday. The stock has a market capitalization of $70.01 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 4.08 and a beta of 0.65. The company has a fifty day moving average of $146.22 and a 200-day moving average of $135.15. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $159.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 0.90.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Equities research analysts expect that Thomson Reuters Co. will post 3.63 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 21st will be paid a $0.54 dividend. The ex-dividend date is Tuesday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.40%. Thomson Reuters’s dividend payout ratio (DPR) is presently 33.57%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRI shares. Morgan Stanley decreased their price objective on shares of Thomson Reuters from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. CIBC lifted their price target on shares of Thomson Reuters from $130.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. UBS Group began coverage on Thomson Reuters in a research report on Tuesday, November 7th. They issued a “buy” rating and a $153.00 target price for the company. Barclays cut their price target on Thomson Reuters from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Finally, BMO Capital Markets boosted their price objective on Thomson Reuters from $192.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $149.23.

View Our Latest Stock Report on TRI

Thomson Reuters Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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