Thomson Reuters Co. (NYSE:TRI) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,223 shares of the business services provider's stock after purchasing an additional 2,796 shares during the period. Natixis Advisors LLC's holdings in Thomson Reuters were worth $2,976,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares during the period. Investment Management Corp VA ADV purchased a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. lifted its holdings in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after buying an additional 69 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after buying an additional 84 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Thomson Reuters by 42.8% during the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Down 0.9%

NYSE:TRI traded down $1.60 during mid-day trading on Friday, hitting $179.96. 1,329,246 shares of the company's stock traded hands, compared to its average volume of 858,698. The company has a fifty day moving average of $198.75 and a 200 day moving average of $185.09. Thomson Reuters Co. has a twelve month low of $151.60 and a twelve month high of $218.42. The company has a market capitalization of $81.10 billion, a P/E ratio of 36.80, a P/E/G ratio of 5.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm's revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 19th. Thomson Reuters's dividend payout ratio is presently 65.75%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada lowered their target price on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a report on Thursday. Barclays upped their target price on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Canaccord Genuity Group upped their target price on Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday. Scotiabank upgraded Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $188.00 to $200.00 in a report on Wednesday. Finally, Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $194.20.

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.