Mackenzie Financial Corp Boosts Position in Thomson Reuters Co. (NYSE:TRI)

Mackenzie Financial Corp increased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 139.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,544,503 shares of the business services provider's stock after purchasing an additional 4,977,006 shares during the period. Thomson Reuters makes up approximately 1.8% of Mackenzie Financial Corp's investment portfolio, making the stock its 9th largest position. Mackenzie Financial Corp owned 1.90% of Thomson Reuters worth $1,370,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in Thomson Reuters by 3.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 15,304 shares of the business services provider's stock valued at $2,457,000 after buying an additional 440 shares during the period. Investment Management Corp VA ADV purchased a new position in Thomson Reuters in the 4th quarter valued at approximately $29,000. Vise Technologies Inc. boosted its position in Thomson Reuters by 22.4% in the 4th quarter. Vise Technologies Inc. now owns 7,191 shares of the business services provider's stock valued at $1,153,000 after buying an additional 1,317 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Thomson Reuters by 23.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 259,010 shares of the business services provider's stock valued at $41,537,000 after buying an additional 49,017 shares during the period. Finally, USS Investment Management Ltd lifted its position in shares of Thomson Reuters by 1.1% during the 4th quarter. USS Investment Management Ltd now owns 23,635 shares of the business services provider's stock worth $3,860,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Up 0.1%

Shares of Thomson Reuters stock traded up $0.29 during trading hours on Thursday, hitting $196.79. The company's stock had a trading volume of 222,298 shares, compared to its average volume of 429,447. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $197.34. The business has a fifty day moving average of $181.07 and a 200 day moving average of $172.14. The company has a market capitalization of $88.65 billion, a PE ratio of 40.28, a P/E/G ratio of 5.67 and a beta of 0.75. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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 earnings per share 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 the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share. As a group, equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on TRI. Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Bank of America began coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective on the stock. Scotiabank reissued a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. Finally, TD Securities boosted their price objective on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $183.70.

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.