Thomson Reuters Co. (NYSE:TRI) Position Decreased by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,301 shares of the business services provider's stock after selling 1,481 shares during the period. Voya Investment Management LLC's holdings in Thomson Reuters were worth $6,308,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Strategic Investment Advisors MI lifted its stake in shares of Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after acquiring an additional 62 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after buying an additional 62 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock valued at $192,000 after buying an additional 64 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after buying an additional 66 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in shares of Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday. StockNews.com lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday. Canaccord Genuity Group increased their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Bank of America began coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Finally, CIBC increased their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $181.92.

Thomson Reuters Stock Performance

NYSE TRI traded down $1.23 on Friday, hitting $184.51. The stock had a trading volume of 1,021,855 shares, compared to its average volume of 416,051. The company's 50-day moving average is $175.08 and its two-hundred day moving average is $169.21. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $189.89. The stock has a market cap of $83.11 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 5.67 and a beta of 0.75. 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 (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $1.11 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business 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 $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's payout ratio is currently 49.69%.

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.