Envestnet Asset Management Inc. Has $27.91 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Envestnet Asset Management Inc. lowered its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 22.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,580 shares of the business services provider's stock after selling 45,541 shares during the period. Envestnet Asset Management Inc.'s holdings in Thomson Reuters were worth $27,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp raised its position 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 worth $1,370,564,000 after purchasing an additional 4,977,006 shares during the period. Vanguard Group Inc. raised its position in shares of Thomson Reuters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock worth $864,195,000 after purchasing an additional 76,382 shares during the period. TD Asset Management Inc. raised its position 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 worth $764,654,000 after purchasing an additional 516,605 shares during the period. Geode Capital Management LLC raised its position 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 worth $214,236,000 after purchasing an additional 560,450 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Thomson Reuters by 5.5% during 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 purchasing an additional 61,235 shares during the period. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.6%

TRI stock traded up $1.18 during mid-day trading on Friday, reaching $210.45. The company had a trading volume of 537,785 shares, compared to its average volume of 480,864. 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 has a market capitalization of $94.82 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 5.67 and a beta of 0.76. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $218.42. The stock has a 50 day simple moving average of $196.77 and a two-hundred day simple moving average of $180.60.

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

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's payout ratio is presently 49.69%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TRI shares. Royal Bank Of Canada raised their price target on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Scotiabank reissued a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a research report on Friday, May 2nd. Barclays lifted their target price on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, TD Securities reissued a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $187.30.

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.