Thomson Reuters Co. (NYSE:TRI) Stock Position Increased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 139.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,544,503 shares of the business services provider's stock after acquiring an additional 4,977,006 shares during the period. Thomson Reuters accounts for approximately 1.8% of Mackenzie Financial Corp's investment portfolio, making the stock its 9th biggest holding. Mackenzie Financial Corp owned about 1.90% of Thomson Reuters worth $1,370,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRI. Assenagon Asset Management S.A. grew its position in Thomson Reuters by 23.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after purchasing an additional 1,145 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Thomson Reuters by 26.0% during the 4th 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. Atomi Financial Group Inc. boosted its stake in shares of Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock worth $292,000 after acquiring an additional 252 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Thomson Reuters by 6.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,630 shares of the business services provider's stock worth $1,224,000 after acquiring an additional 484 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Thomson Reuters during the 4th quarter worth about $448,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRI has been the topic of several recent analyst reports. Scotiabank reissued a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research note on Friday, May 2nd. Wells Fargo & Company increased their target price 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. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Barclays increased their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. 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. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of "Hold" and an average price target of $183.70.

Thomson Reuters Price Performance

TRI stock traded up $1.68 during mid-day trading on Wednesday, reaching $196.50. The company's stock had a trading volume of 514,427 shares, compared to its average volume of 430,739. The stock has a market cap of $88.52 billion, a PE ratio of 40.18, a P/E/G ratio of 5.67 and a beta of 0.75. 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 fifty-two week low of $150.01 and a fifty-two week high of $197.18. The company's 50 day moving average is $180.54 and its two-hundred day moving average is $171.97.

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 analysts' consensus estimates of $1.05 by $0.07. The company 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%. Thomson Reuters's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. Equities research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters's dividend payout ratio is currently 49.69%.

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.