Ossiam Boosts Holdings in Thomson Reuters Co. (NYSE:TRI)

Ossiam raised its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,120 shares of the business services provider's stock after acquiring an additional 2,192 shares during the quarter. Ossiam's holdings in Thomson Reuters were worth $4,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Thomson Reuters in the fourth quarter valued at $148,221,000. Geode Capital Management LLC boosted its position in shares of Thomson Reuters by 74.3% in 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. TD Asset Management Inc. grew 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 worth $764,654,000 after buying an additional 516,605 shares during the last quarter. CIBC Asset Management Inc increased its position in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after buying an additional 395,481 shares during the period. Finally, AGF Management Ltd. boosted its holdings in shares of Thomson Reuters by 60.7% in the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock valued at $74,698,000 after acquiring an additional 174,546 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on TRI shares. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Bank of America initiated coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Canaccord Genuity Group increased their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. CIBC raised their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, Scotiabank boosted their target price on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of "Hold" and a consensus target price of $177.80.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded down $1.72 during trading on Friday, hitting $180.32. 291,288 shares of the company were exchanged, compared to its average volume of 410,033. The firm has a 50 day moving average price of $174.09 and a 200 day moving average price of $168.53. The stock has a market capitalization of $81.16 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 5.67 and a beta of 0.70. 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 fifty-two week low of $149.80 and a fifty-two week high of $184.17.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio (DPR) is 48.67%.

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.