Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,191 shares of the business services provider's stock after acquiring an additional 1,317 shares during the period. Vise Technologies Inc.'s holdings in Thomson Reuters were worth $1,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Thomson Reuters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after buying an additional 76,382 shares during the period. TD Asset Management Inc. boosted its holdings in Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after acquiring an additional 516,605 shares during the last quarter. Geode Capital Management LLC grew its position in Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after acquiring an additional 560,450 shares during the period. Bank of America Corp DE raised its holdings in shares of Thomson Reuters by 5.5% in the 4th quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider's stock worth $189,720,000 after purchasing an additional 61,235 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRI. JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Barclays boosted their price objective 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. Wells Fargo & Company raised their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, CIBC increased their price target on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Stock Up 0.9%

Shares of NYSE:TRI traded up $1.68 during trading on Wednesday, hitting $196.50. The company's stock had a trading volume of 512,577 shares, compared to its average volume of 430,739. The company has a market capitalization of $88.52 billion, a PE ratio of 40.18, a PEG ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $197.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock's 50-day moving average price is $180.54 and its two-hundred day moving average price is $171.97.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $1.11 EPS. Thomson Reuters's quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

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%.

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.