Thomson Reuters Co. (NYSE:TRI) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 183,605 shares of the business services provider’s stock after acquiring an additional 9,571 shares during the period. Dimensional Fund Advisors LP’s holdings in Thomson Reuters were worth $30,954,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TRI. FIL Ltd increased its stake in shares of Thomson Reuters by 9.8% in the fourth quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock valued at $730,195,000 after purchasing an additional 445,444 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Thomson Reuters by 53.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 969,443 shares of the business services provider’s stock valued at $141,752,000 after buying an additional 338,896 shares during the period. TD Asset Management Inc lifted its holdings in Thomson Reuters by 7.9% in the 1st quarter. TD Asset Management Inc now owns 4,047,773 shares of the business services provider’s stock valued at $630,534,000 after acquiring an additional 295,301 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Thomson Reuters by 26.3% during the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock valued at $223,525,000 after purchasing an additional 276,206 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $45,514,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.4 %

Thomson Reuters stock opened at $169.94 on Wednesday. The firm has a market cap of $76.42 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 5.71 and a beta of 0.73. The firm has a fifty day moving average price of $166.44 and a two-hundred day moving average price of $164.32. Thomson Reuters Co. has a fifty-two week low of $117.46 and a fifty-two week high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data 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 company had revenue of $1.74 billion during 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%. Thomson Reuters’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. As a group, analysts forecast that Thomson Reuters Co. will post 3.71 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.146 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.58 annualized dividend and a yield of 0.34%. Thomson Reuters’s dividend payout ratio (DPR) is 41.14%.

Analysts Set New Price Targets

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

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.