Barclays PLC Grows Position in Thomson Reuters Co. (NYSE:TRI)

Barclays PLC lifted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 49.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,233 shares of the business services provider's stock after purchasing an additional 17,717 shares during the quarter. Barclays PLC's holdings in Thomson Reuters were worth $8,536,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRI. Norges Bank bought a new stake in Thomson Reuters in the 4th quarter valued at $148,221,000. Geode Capital Management LLC boosted its stake in shares of Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after purchasing an additional 560,450 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of Thomson Reuters by 12.2% in the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after purchasing an additional 516,605 shares during the period. CIBC Asset Management Inc grew its stake in Thomson Reuters by 52.2% during the fourth 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 during the period. Finally, AGF Management Ltd. lifted its position in shares of Thomson Reuters by 60.7% during the 4th quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock valued at $74,698,000 after acquiring an additional 174,546 shares during the period. 17.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Scotiabank increased their price objective on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $177.80.

Thomson Reuters Stock Up 0.5 %

Shares of NYSE TRI traded up $0.93 on Tuesday, reaching $183.34. 56,143 shares of the company's stock traded hands, compared to its average volume of 412,049. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business's 50 day simple moving average is $174.45 and its two-hundred day simple moving average is $168.75. Thomson Reuters Co. has a 12 month low of $149.85 and a 12 month high of $184.11. The company has a market cap of $82.58 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.30%. Thomson Reuters's dividend payout ratio is 48.67%.

Thomson Reuters 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.