BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 23.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,010 shares of the business services provider's stock after purchasing an additional 49,017 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Thomson Reuters worth $41,537,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. USS Investment Management Ltd increased its position in shares of Thomson Reuters by 1.1% during the fourth quarter. USS Investment Management Ltd now owns 23,635 shares of the business services provider's stock worth $3,860,000 after purchasing an additional 257 shares in the last quarter. Voloridge Investment Management LLC grew its stake in Thomson Reuters by 857.0% during the 4th quarter. Voloridge Investment Management LLC now owns 36,558 shares of the business services provider's stock worth $5,863,000 after buying an additional 32,738 shares during the last quarter. Vident Advisory LLC increased its position in Thomson Reuters by 9.6% during the 4th quarter. Vident Advisory LLC now owns 1,545 shares of the business services provider's stock valued at $248,000 after buying an additional 135 shares in the last quarter. Sone Capital Management LLC purchased a new stake in Thomson Reuters in the fourth quarter valued at about $3,424,000. Finally, Squarepoint Ops LLC boosted its holdings in Thomson Reuters by 56.3% in the fourth quarter. Squarepoint Ops LLC now owns 7,042 shares of the business services provider's stock worth $1,129,000 after acquiring an additional 2,537 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

Shares of TRI stock traded up $0.95 on Monday, hitting $195.12. The company had a trading volume of 441,280 shares, compared to its average volume of 429,586. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month high of $196.27. 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 firm has a market cap of $87.90 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The company has a 50-day moving average price of $179.56 and a 200-day moving average price of $171.62.

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

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective 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. Canaccord Genuity Group lifted their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Scotiabank restated a "sector perform" rating and issued a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $183.70.

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.