Thomson Reuters Co. (NYSE:TRI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,270 shares of the business services provider's stock after selling 1,400 shares during the quarter. Janus Henderson Group PLC's holdings in Thomson Reuters were worth $2,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Thomson Reuters in the fourth quarter valued at $148,221,000. Geode Capital Management LLC boosted its position in shares of Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after buying an additional 560,450 shares in the last quarter. TD Asset Management Inc. grew its stake in Thomson Reuters by 12.2% in the 4th 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 during the last quarter. CIBC Asset Management Inc increased its holdings in Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Finally, AGF Management Ltd. raised its position in Thomson Reuters by 60.7% during the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock worth $74,698,000 after acquiring an additional 174,546 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRI. Barclays raised their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. CIBC boosted their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. TD Securities increased their price objective on Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $183.70.

Thomson Reuters Trading Up 0.5%

Shares of TRI stock traded up $0.95 during trading hours on Monday, hitting $195.12. 441,280 shares of the company were exchanged, compared to its average volume of 429,586. The firm has a fifty day moving average of $180.04 and a 200 day moving average of $171.81. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $196.27. The firm has a market cap of $87.90 billion, a PE ratio of 39.90, a PEG ratio of 5.67 and a beta of 0.75.

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 for the quarter, topping 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $1.11 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. Analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio is currently 49.69%.

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.