Dimensional Fund Advisors LP Has $34.98 Million Stake in Thomson Reuters Co. (NYSE:TRI)

Dimensional Fund Advisors LP lifted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218,090 shares of the business services provider's stock after acquiring an additional 5,446 shares during the quarter. Dimensional Fund Advisors LP's holdings in Thomson Reuters were worth $34,979,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TRI. Norges Bank purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at $148,221,000. Geode Capital Management LLC lifted its stake in 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 worth $214,236,000 after acquiring an additional 560,450 shares in the last quarter. TD Asset Management Inc. boosted its position in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after acquiring an additional 516,605 shares during the period. CIBC Asset Management Inc grew its stake in Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Finally, AGF Management Ltd. lifted its position in shares of Thomson Reuters by 60.7% in the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock worth $74,698,000 after purchasing an additional 174,546 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRI. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Scotiabank reissued a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. Bank of America initiated coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Stock Performance

TRI traded up $0.36 on Friday, hitting $187.39. The company had a trading volume of 400,324 shares, compared to its average volume of 419,717. The stock has a market cap of $84.41 billion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company's fifty day moving average price is $176.04 and its 200 day moving average price is $169.88. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $189.89.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. Equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.595 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.27%. Thomson Reuters's dividend payout ratio is presently 49.69%.

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.