Thomson Reuters Co. (NYSE:TRI) Stake Cut by AGF Management Ltd.

AGF Management Ltd. lessened its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,806 shares of the business services provider's stock after selling 65,072 shares during the quarter. AGF Management Ltd. owned about 0.10% of Thomson Reuters worth $66,992,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TRI. Commonwealth Equity Services LLC raised its stake 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 acquiring an additional 93 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Thomson Reuters by 5.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,224 shares of the business services provider's stock worth $3,837,000 after purchasing an additional 1,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Thomson Reuters by 55.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,812 shares of the business services provider's stock worth $7,194,000 after purchasing an additional 20,980 shares during the last quarter. Advisor Partners II LLC grew its position in Thomson Reuters by 41.8% during the 3rd quarter. Advisor Partners II LLC now owns 11,195 shares of the business services provider's stock worth $1,369,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Thomson Reuters during the 3rd quarter worth approximately $533,000. Institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TRI shares. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the stock a "hold" rating in a research report on Friday, May 3rd. CIBC boosted their target price on shares of Thomson Reuters from $152.00 to $156.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. TD Securities upped their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, March 13th. National Bank Financial raised shares of Thomson Reuters from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 23rd. Finally, Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a "hold" rating in a report on Friday, May 3rd. Eleven 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, Thomson Reuters currently has a consensus rating of "Hold" and an average price target of $164.31.

Thomson Reuters Price Performance

NYSE:TRI traded down $0.09 during trading hours on Friday, reaching $167.78. 250,315 shares of the company were exchanged, compared to its average volume of 404,743. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average is $156.30 and its 200-day moving average is $148.07. The firm has a market cap of $75.72 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 4.49 and a beta of 0.65. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $169.64.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.17. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.54 per share. 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 presently 41.14%.

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.