MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $29.45 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,624 shares of the business services provider's stock after buying an additional 20,639 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Thomson Reuters were worth $29,452,000 as of its most recent filing with the Securities and Exchange Commission.

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

Thomson Reuters Stock Up 0.8%

Shares of NYSE:TRI traded up $1.58 during trading on Friday, reaching $191.23. 538,637 shares of the company traded hands, compared to its average volume of 425,902. The firm has a fifty day simple moving average of $177.26 and a 200 day simple moving average of $170.60. 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 Co. has a 1-year low of $150.01 and a 1-year high of $191.42. The firm has a market cap of $86.13 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping 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 return on equity of 14.62% and a net margin of 30.45%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Securities lifted their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company raised their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. 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 report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price 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. Finally, Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.