Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,605 shares of the business services provider's stock after acquiring an additional 21,793 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Thomson Reuters were worth $11,786,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TRI. Norges Bank purchased a new position in Thomson Reuters in the 4th quarter worth approximately $207,419,000. Bank of Nova Scotia purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $170,036,000. FMR LLC raised its holdings in shares of Thomson Reuters by 26.3% during the 3rd quarter. FMR LLC now owns 5,657,244 shares of the business services provider's stock worth $692,059,000 after acquiring an additional 1,179,155 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Thomson Reuters by 6,607,664.7% during the 3rd quarter. Legal & General Group Plc now owns 1,123,320 shares of the business services provider's stock worth $138,048,000 after acquiring an additional 1,123,303 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of Thomson Reuters by 178.8% during the 3rd quarter. WCM Investment Management LLC now owns 1,711,051 shares of the business services provider's stock worth $209,860,000 after acquiring an additional 1,097,339 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Trading Down 1.5 %

Thomson Reuters stock traded down $2.25 during mid-day trading on Friday, hitting $152.30. The company's stock had a trading volume of 298,978 shares, compared to its average volume of 304,121. The company has a 50 day moving average of $155.94 and a 200-day moving average of $143.32. The stock has a market cap of $68.75 billion, a PE ratio of 26.08, a P/E/G ratio of 3.99 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90. Thomson Reuters Co. has a one year low of $117.46 and a one year high of $161.57.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The business's revenue was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Thomson Reuters Co. will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.54 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. Thomson Reuters's dividend payout ratio is presently 36.99%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TRI shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $153.00 price objective on shares of Thomson Reuters in a report on Wednesday, March 13th. CIBC upped their price objective on Thomson Reuters from $146.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, March 14th. Scotiabank increased their price target on Thomson Reuters from $142.00 to $159.00 and gave the company a "sector perform" rating in a report on Friday, February 9th. Barclays upgraded Thomson Reuters from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $150.00 to $180.00 in a report on Thursday, March 14th. Finally, National Bank Financial lowered Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a report on Tuesday, February 20th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus price target of $157.42.

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.