Vanguard Personalized Indexing Management LLC Has $1.68 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Vanguard Personalized Indexing Management LLC boosted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,966 shares of the business services provider’s stock after buying an additional 1,348 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Thomson Reuters were worth $1,680,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Thomson Reuters by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock worth $894,442,000 after purchasing an additional 41,680 shares in the last quarter. FIL Ltd grew its position in shares of Thomson Reuters by 9.8% during the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after purchasing an additional 445,444 shares in the last quarter. TD Asset Management Inc grew its position in shares of Thomson Reuters by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider’s stock worth $686,640,000 after purchasing an additional 26,483 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Thomson Reuters by 0.8% during the 4th quarter. 1832 Asset Management L.P. now owns 1,783,086 shares of the business services provider’s stock worth $260,723,000 after purchasing an additional 13,747 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Thomson Reuters by 3.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,333,533 shares of the business services provider’s stock worth $207,804,000 after purchasing an additional 50,367 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Thomson Reuters Trading Down 0.5 %

Shares of TRI stock opened at $169.46 on Friday. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03. The stock’s fifty day simple moving average is $165.46 and its 200 day simple moving average is $163.59. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $76.19 billion, a P/E ratio of 32.28, a P/E/G ratio of 5.82 and a beta of 0.73.

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

Thomson Reuters Cuts Dividend

The firm 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 was Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.34%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.14%.

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.