TD Asset Management Inc Boosts Holdings in Thomson Reuters Co. (NYSE:TRI)

Key Points

• TD Asset Management Inc increased its holdings in Thomson Reuters by 15.7% during Q1, owning approximately 5.51 million shares worth about $951.48 million.
• Thomson Reuters reported an earnings per share (EPS) of $1.12 for the last quarter, exceeding expectations, with revenues of $1.90 billion and a year-over-year growth of 0.8%.
• The company recently declared a quarterly dividend of $0.595, translating to an annual yield of 1.17%, with a payout ratio of 49.69%.

TD Asset Management Inc raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 15.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,514,492 shares of the business services provider's stock after buying an additional 750,063 shares during the period. Thomson Reuters comprises approximately 0.9% of TD Asset Management Inc's portfolio, making the stock its 24th largest position. TD Asset Management Inc owned about 1.22% of Thomson Reuters worth $951,477,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd purchased a new stake in Thomson Reuters in the first quarter worth about $626,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Thomson Reuters by 7.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock valued at $1,948,000 after purchasing an additional 776 shares during the last quarter. Callan Capital LLC purchased a new position in shares of Thomson Reuters during the first quarter valued at approximately $244,000. Ameriprise Financial Inc. lifted its holdings in shares of Thomson Reuters by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock valued at $5,683,000 after purchasing an additional 313 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Thomson Reuters by 4.1% during the fourth quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider's stock valued at $469,000 after purchasing an additional 115 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Shares of TRI traded up $0.05 during trading hours on Wednesday, reaching $200.25. 339,486 shares of the stock traded hands, compared to its average volume of 813,720. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $218.42. The company's 50-day moving average price is $199.10 and its two-hundred day moving average price is $183.17. The company has a market cap of $90.22 billion, a P/E ratio of 40.96, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76.

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 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. 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 company earned $1.11 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRI has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Barclays raised their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, TD Securities reaffirmed a "hold" rating on shares of Thomson Reuters in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $193.00.

About Thomson Reuters

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.