Swiss National Bank Sells 14,100 Shares of Thomson Reuters Co. (NYSE:TRI)

Swiss National Bank decreased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,155 shares of the business services provider's stock after selling 14,100 shares during the period. Swiss National Bank owned 0.11% of Thomson Reuters worth $75,898,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TRI. Fifth Third Bancorp raised its position in shares of Thomson Reuters by 25.7% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider's stock worth $56,000 after acquiring an additional 78 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider's stock valued at $1,855,000 after purchasing an additional 82 shares during the period. Advisor OS LLC boosted its stake in shares of Thomson Reuters by 5.2% in the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider's stock valued at $212,000 after purchasing an additional 86 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Thomson Reuters by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider's stock worth $897,000 after buying an additional 93 shares during the period. Finally, Financial Advocates Investment Management lifted its holdings in Thomson Reuters by 3.7% in the third quarter. Financial Advocates Investment Management now owns 2,771 shares of the business services provider's stock valued at $340,000 after buying an additional 98 shares during the period. Institutional investors own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Securities upped their target price on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a research report on Wednesday, March 13th. Royal Bank of Canada raised their target price on Thomson Reuters from $153.00 to $156.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $152.00 to $163.00 and gave the company a "neutral" rating in a research note on Friday. Scotiabank lifted their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Barclays raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $150.00 to $180.00 in a research note on Thursday, March 14th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $164.31.

Thomson Reuters Stock Up 1.4 %

Shares of TRI stock traded up $2.33 during trading on Monday, reaching $167.07. The company's stock had a trading volume of 404,336 shares, compared to its average volume of 326,102. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. Thomson Reuters Co. has a one year low of $117.46 and a one year high of $168.28. The business has a fifty day moving average price of $155.54 and a 200-day moving average price of $146.98. The company has a market cap of $75.40 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 4.52 and a beta of 0.65.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $0.85 EPS. Thomson Reuters's revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts anticipate that Thomson Reuters Co. will post 3.58 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, May 15th. Thomson Reuters's dividend payout ratio is currently 41.14%.

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.