Wealth Enhancement Advisory Services LLC Buys 1,436 Shares of Thomson Reuters Co. (NYSE:TRI)

Wealth Enhancement Advisory Services LLC grew its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,798 shares of the business services provider's stock after acquiring an additional 1,436 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Thomson Reuters were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp grew its position in Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after acquiring an additional 4,977,006 shares during the last quarter. Norges Bank acquired a new stake in shares of Thomson Reuters during the fourth quarter worth $148,221,000. Geode Capital Management LLC increased its stake in shares of Thomson Reuters by 74.3% in the 4th 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 last quarter. TD Asset Management Inc. raised 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 worth $764,654,000 after purchasing an additional 516,605 shares during the period. Finally, CIBC Asset Management Inc grew its position 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 valued at $185,011,000 after purchasing an additional 395,481 shares during the period. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Down 1.2%

TRI traded down $2.34 during trading on Monday, reaching $192.66. 543,487 shares of the stock traded hands, compared to its average volume of 434,793. The stock's 50-day moving average is $184.37 and its 200 day moving average is $173.80. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $199.11. The stock has a market capitalization of $86.79 billion, a PE ratio of 39.40, a P/E/G ratio of 5.67 and a beta of 0.77. 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 quarterly earnings data 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 firm had revenue of $1.90 billion for 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%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio is 49.69%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRI shares. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. TD Securities raised their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Bank of America assumed coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Finally, Barclays boosted 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters 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.