Thomson Reuters Co. (NYSE:TRI) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 26.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 475,448 shares of the business services provider’s stock after selling 173,137 shares during the period. Massachusetts Financial Services Co. MA owned 0.11% of Thomson Reuters worth $80,146,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Thomson Reuters in the 4th quarter worth $160,372,000. TD Asset Management Inc lifted its stake in shares of Thomson Reuters by 30.8% in the 4th quarter. TD Asset Management Inc now owns 3,752,472 shares of the business services provider’s stock worth $551,317,000 after acquiring an additional 884,572 shares during the period. FIL Ltd lifted its stake in shares of Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after acquiring an additional 445,444 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Thomson Reuters by 53.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 969,443 shares of the business services provider’s stock worth $141,752,000 after acquiring an additional 338,896 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Thomson Reuters by 26.3% in the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock worth $223,525,000 after acquiring an additional 276,206 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent analyst reports. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $164.00 to $182.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Royal Bank of Canada cut their price target on shares of Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $173.45.

Thomson Reuters Stock Performance

NYSE:TRI opened at $168.25 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $165.27 and a two-hundred day moving average price of $163.42. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03. The company has a market capitalization of $75.66 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 5.82 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. As a group, research analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.146 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.14%.

Thomson Reuters Company 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.