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

Massachusetts Financial Services Co. MA grew its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 approximately 0.10% of Thomson Reuters worth $79,788,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRI. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. increased its stake in Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after purchasing an additional 69 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 buying an additional 84 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of 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 buying an additional 145 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research analyst reports. Barclays increased 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. Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Bank of America assumed coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Finally, Wells Fargo & Company upped their price target on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research note 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $187.30.

Thomson Reuters Price Performance

Shares of TRI stock traded down $1.96 during trading hours on Thursday, hitting $209.27. The company had a trading volume of 1,331,348 shares, compared to its average volume of 480,500. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $218.42. The firm has a market capitalization of $94.29 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 5.67 and a beta of 0.76. The firm's fifty day moving average is $196.32 and its 200 day moving average is $180.27. 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 announced its 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. The business had revenue of $1.90 billion for 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%. Thomson Reuters's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 15th. Thomson Reuters's dividend payout ratio is 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.