Toronto Dominion Bank Increases Holdings in Thomson Reuters Co. (NYSE:TRI)

Toronto Dominion Bank raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,251 shares of the business services provider’s stock after purchasing an additional 98,001 shares during the period. Toronto Dominion Bank owned 0.14% of Thomson Reuters worth $98,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $27,000. Atomi Financial Group Inc. increased its position in Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 252 shares during the period. CIBC Asset Management Inc raised its holdings in Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after purchasing an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Thomson Reuters by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock worth $958,000 after purchasing an additional 1,145 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TRI shares. Scotiabank reissued a “sector perform” rating and issued a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They set a “neutral” rating and a $180.00 target price on the stock. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, May 2nd. Finally, TD Securities increased their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $183.70.

Thomson Reuters Stock Up 0.8%

Shares of NYSE:TRI opened at $191.23 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. The stock has a fifty day simple moving average of $177.26 and a two-hundred day simple moving average of $170.60. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $191.42. The stock has a market capitalization of $86.13 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 5.67 and a beta of 0.75.

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

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.24%. Thomson Reuters’s dividend payout ratio (DPR) is presently 49.69%.

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.