Bridgewater Advisors Inc. Makes New Investment in Thomson Reuters Co. (NYSE:TRI)

Bridgewater Advisors Inc. purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,451 shares of the business services provider's stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TRI. Mackenzie Financial Corp increased its holdings in shares of Thomson Reuters by 139.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after acquiring an additional 4,977,006 shares in the last quarter. Norges Bank bought a new position in shares of Thomson Reuters during the fourth quarter valued at $148,221,000. Geode Capital Management LLC increased its holdings in shares of Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after acquiring an additional 560,450 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after acquiring an additional 516,605 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Thomson Reuters by 16,802.9% during the first quarter. GAMMA Investing LLC now owns 116,799 shares of the business services provider's stock valued at $20,181,000 after acquiring an additional 116,108 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

TRI traded up $0.02 on Friday, hitting $209.29. 1,241,712 shares of the company's stock traded hands, compared to its average volume of 625,569. The company's 50 day simple moving average is $196.77 and its 200-day simple moving average is $180.60. The firm has a market cap of $94.30 billion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 5.67 and a beta of 0.76. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $218.42. 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 issued its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $1.11 EPS. The firm's quarterly revenue was up .8% on a year-over-year basis. As a group, research 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 was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TRI shares. Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. Barclays increased their price objective on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $187.30.

About Thomson Reuters

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.