Massachusetts Financial Services Co. MA Buys 5,046 Shares of Thomson Reuters Co. (NYSE:TRI)

Massachusetts Financial Services Co. MA lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 461,791 shares of the business services provider's stock after purchasing an additional 5,046 shares during the period. Massachusetts Financial Services Co. MA owned 0.10% of Thomson Reuters worth $79,788,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Investment Management Corp VA ADV purchased a new position in Thomson Reuters in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. raised its position in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after buying an additional 69 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after buying an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Thomson Reuters by 25.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Thomson Reuters by 42.8% in the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analysts Set New Price Targets

TRI has been the topic of a number of analyst reports. TD Securities restated a "hold" rating on shares of Thomson Reuters in a research report on Tuesday, July 15th. Scotiabank reissued a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. Bank of America assumed coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company increased their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Price Performance

TRI traded up $0.02 during trading on Friday, hitting $209.29. 1,241,712 shares of the company traded hands, compared to its average volume of 483,250. The company has a market cap of $94.30 billion, a PE ratio of 42.80, a P/E/G ratio of 5.67 and a beta of 0.76. The stock's 50-day simple moving average is $197.21 and its two-hundred day simple moving average is $181.08. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $218.42. 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 (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 earnings per share. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.595 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.14%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Thomson Reuters Company 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.