Banco Bilbao Vizcaya Argentaria S.A. Has $1.36 Million Stock Holdings in Thomson Reuters Co. $TRI

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Thomson Reuters by 33.5%, selling 3,997 shares and ultimately holding 7,919 shares valued at $1.36 million.
• Recent analyst reports have led to increased price targets for Thomson Reuters, with a consensus rating of "Hold" and a price target of $194.20.
• Thomson Reuters recently announced a quarterly dividend of $0.595, with a dividend yield of 1.3% and a payout ratio of 65.75%.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 33.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,919 shares of the business services provider's stock after selling 3,997 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Thomson Reuters were worth $1,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Thomson Reuters by 30.8% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 23,156 shares of the business services provider's stock worth $4,001,000 after acquiring an additional 5,453 shares during the period. Korea Investment CORP raised its holdings in shares of Thomson Reuters by 5.7% during the first quarter. Korea Investment CORP now owns 117,737 shares of the business services provider's stock worth $20,314,000 after acquiring an additional 6,298 shares during the period. Northern Trust Corp raised its holdings in shares of Thomson Reuters by 14.5% during the first quarter. Northern Trust Corp now owns 231,880 shares of the business services provider's stock worth $40,064,000 after acquiring an additional 29,326 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in shares of Thomson Reuters by 81.1% during the first quarter. Northwest & Ethical Investments L.P. now owns 44,488 shares of the business services provider's stock worth $7,682,000 after acquiring an additional 19,925 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in Thomson Reuters by 2,723.3% in the first quarter. Gulf International Bank UK Ltd now owns 8,978 shares of the business services provider's stock valued at $1,551,000 after purchasing an additional 8,660 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of analyst reports. CIBC raised shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 19th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and raised their target price for the company from $275.00 to $285.00 in a research report on Thursday. 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 report on Thursday, August 7th. 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 report on Friday, May 2nd. Finally, 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 report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.90.

Thomson Reuters Stock Performance

Shares of TRI traded up $2.24 during midday trading on Thursday, reaching $177.12. The stock had a trading volume of 442,908 shares, compared to its average volume of 886,669. The firm has a 50 day simple moving average of $193.16 and a 200-day simple moving average of $185.45. Thomson Reuters Co. has a one year low of $151.60 and a one year high of $218.42. The firm has a market cap of $79.82 billion, a PE ratio of 36.28, a P/E/G ratio of 5.67 and a beta of 0.77. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm posted $0.85 EPS. The company's quarterly revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 65.75%.

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.