Thomson Reuters Co. (NYSE:TRI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,393,720 shares of the business services provider's stock after selling 331,399 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.31% of Thomson Reuters worth $224,016,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $3,240,000. MGO One Seven LLC lifted its position in shares of Thomson Reuters by 26.5% during the 4th quarter. MGO One Seven LLC now owns 1,993 shares of the business services provider's stock worth $320,000 after buying an additional 418 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Thomson Reuters by 17.8% in the 4th quarter. Hsbc Holdings PLC now owns 150,444 shares of the business services provider's stock valued at $24,143,000 after buying an additional 22,735 shares in the last quarter. Stifel Financial Corp grew its position in shares of Thomson Reuters by 0.7% in the 4th quarter. Stifel Financial Corp now owns 34,612 shares of the business services provider's stock valued at $5,551,000 after buying an additional 251 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Thomson Reuters by 18.2% during the 4th quarter. MML Investors Services LLC now owns 16,462 shares of the business services provider's stock worth $2,640,000 after acquiring an additional 2,537 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRI. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a report on Friday. Royal Bank of Canada raised their price target on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday. The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, TD Securities lifted their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $181.92.

Thomson Reuters Stock Performance

Shares of TRI stock traded down $1.23 during mid-day trading on Friday, hitting $184.51. The stock had a trading volume of 1,021,855 shares, compared to its average volume of 416,865. The firm has a market cap of $83.11 billion, a PE ratio of 37.73, a PEG ratio of 5.67 and a beta of 0.75. The company's 50-day simple moving average is $175.08 and its 200-day simple moving average is $169.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $189.89.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio is presently 49.69%.

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.