Landaas & Co. WI ADV Acquires Shares of 1,417 Thomson Reuters Co. (NYSE:TRI)

Landaas & Co. WI ADV acquired a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,417 shares of the business services provider's stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRI. Mackenzie Financial Corp grew its position in shares of Thomson Reuters by 139.5% in 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 purchasing an additional 4,977,006 shares during the period. Norges Bank purchased a new stake in Thomson Reuters during the fourth quarter valued at about $148,221,000. Geode Capital Management LLC grew its position in 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 during the period. TD Asset Management Inc. grew its position in 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 during the period. Finally, CIBC Asset Management Inc grew its position in Thomson Reuters by 52.2% during the fourth 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 during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.3%

Shares of NYSE TRI traded up $0.67 on Friday, hitting $197.06. The company had a trading volume of 676,903 shares, compared to its average volume of 429,821. 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 12-month low of $150.01 and a 12-month high of $198.77. The business has a 50 day moving average of $182.06 and a two-hundred day moving average of $172.52. The firm has a market capitalization of $88.77 billion, a P/E ratio of 40.30, a PEG ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS 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 analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company's revenue was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 1.21%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is 49.69%.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research reports. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Barclays boosted their price target on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group upped their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus 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.