UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $58.35 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,833 shares of the business services provider's stock after selling 29,314 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Thomson Reuters worth $58,352,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters in the 4th quarter worth $27,000. Atomi Financial Group Inc. lifted its stake in shares of Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock valued at $292,000 after buying an additional 252 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of 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 buying an additional 395,481 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Thomson Reuters by 26.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock worth $409,000 after acquiring an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Thomson Reuters by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after acquiring an additional 1,145 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Shares of NYSE TRI traded up $0.07 during trading on Friday, reaching $196.46. The company had a trading volume of 173,314 shares, compared to its average volume of 429,381. The stock has a 50-day moving average price of $181.56 and a two-hundred day moving average price of $172.33. 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 twelve month low of $150.01 and a twelve month high of $198.05. The stock has a market capitalization of $88.50 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.595 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.21%. Thomson Reuters's dividend payout ratio (DPR) is 49.69%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRI. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. TD Securities upped 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 Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Bank of America assumed coverage on Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of "Hold" and a consensus target price of $183.70.

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.