Mackenzie Financial Corp Has $672.66 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Mackenzie Financial Corp decreased its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,598,521 shares of the business services provider's stock after selling 1,642,130 shares during the quarter. Thomson Reuters comprises about 1.0% of Mackenzie Financial Corp's investment portfolio, making the stock its 20th largest position. Mackenzie Financial Corp owned about 1.02% of Thomson Reuters worth $672,660,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of Thomson Reuters by 25.7% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider's stock worth $56,000 after purchasing an additional 78 shares during the period. Legacy Wealth Asset Management LLC increased its position in Thomson Reuters by 0.7% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider's stock valued at $1,855,000 after acquiring an additional 82 shares during the last quarter. Rhumbline Advisers increased its position in Thomson Reuters by 1.4% during the third quarter. Rhumbline Advisers now owns 6,176 shares of the business services provider's stock valued at $755,000 after acquiring an additional 85 shares during the last quarter. Advisor OS LLC raised its stake in shares of Thomson Reuters by 5.2% in the third quarter. Advisor OS LLC now owns 1,730 shares of the business services provider's stock valued at $212,000 after acquiring an additional 86 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Thomson Reuters by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider's stock worth $897,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRI shares. TD Securities boosted their target price on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, March 13th. Royal Bank of Canada restated a "sector perform" rating and issued a $153.00 target price on shares of Thomson Reuters in a research note on Wednesday, March 13th. Barclays raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Scotiabank increased their price objective on Thomson Reuters from $142.00 to $159.00 and gave the stock a "sector perform" rating in a research note on Friday, February 9th. Finally, CIBC raised 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. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $157.42.

Thomson Reuters Trading Up 0.1 %

Thomson Reuters stock traded up $0.16 during midday trading on Monday, reaching $152.54. 268,445 shares of the stock traded hands, compared to its average volume of 303,624. The firm has a market cap of $68.86 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.97 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $156.00 and a two-hundred day simple moving average of $143.80. Thomson Reuters Co. has a 12-month low of $117.46 and a 12-month high of $161.57.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 earnings per share 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 analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company's revenue was up 2.8% on a year-over-year basis. Research analysts expect that Thomson Reuters Co. will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed 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 a boost from Thomson Reuters's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters's dividend payout ratio is currently 36.99%.

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.