9,128 Shares in Thomson Reuters Co. (NYSE:TRI) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Thomson Reuters by purchasing 9,128 shares valued at approximately $1,575,000.
• The company reported $0.87 EPS for the recent quarter, surpassing analysts' expectations of $0.83, and achieved a revenue increase of 2.6% year-over-year.
• Thomson Reuters has announced a quarterly dividend of $0.595 to be paid on September 10th, with a current dividend yield of 1.3%.

ASR Vermogensbeheer N.V. purchased a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,128 shares of the business services provider's stock, valued at approximately $1,575,000.

A number of other institutional investors also recently bought and sold shares of the stock. Mackenzie Financial Corp raised its stake in Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after buying an additional 4,977,006 shares in the last quarter. TD Asset Management Inc raised its stake in Thomson Reuters by 15.7% in the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock worth $951,477,000 after buying an additional 750,063 shares in the last quarter. Vanguard Group Inc. raised its stake in Thomson Reuters by 1.8% in the first quarter. Vanguard Group Inc. now owns 5,476,600 shares of the business services provider's stock worth $945,069,000 after buying an additional 94,758 shares in the last quarter. Bank of America Corp DE raised its stake in Thomson Reuters by 5.5% in the fourth quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider's stock worth $189,720,000 after buying an additional 61,235 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in Thomson Reuters by 19.1% in the fourth quarter. Toronto Dominion Bank now owns 612,251 shares of the business services provider's stock worth $98,187,000 after buying an additional 98,001 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Trading Down 0.9%

NYSE:TRI opened at $179.96 on Friday. The company's 50 day moving average price is $198.75 and its 200-day moving average price is $184.95. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42. 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 stock has a market cap of $81.10 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be issued a $0.595 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $2.38 annualized dividend and a yield of 1.3%. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.

Analysts Set New Price Targets

TRI has been the subject of a number of research reports. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Barclays raised their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating for the company in a research note on Thursday. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $188.00 to $200.00 in a research note on Wednesday. Finally, Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $194.20.

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.

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