Voya Investment Management LLC Sells 1,481 Shares of Thomson Reuters Co. (NYSE:TRI)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in TRI. Vanguard Group Inc. raised its holdings in Thomson Reuters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock worth $864,195,000 after buying an additional 76,382 shares during the last quarter. TD Asset Management Inc. boosted 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 valued at $764,654,000 after purchasing an additional 516,605 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $148,221,000. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Up 0.6 %

Shares of TRI traded up $1.05 during trading hours on Tuesday, hitting $186.79. The company had a trading volume of 60,663 shares, compared to its average volume of 414,862. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $189.89. The firm has a fifty day moving average price of $175.26 and a 200-day moving average price of $169.34. The stock has a market capitalization of $84.13 billion, a price-to-earnings ratio of 38.17, a P/E/G ratio of 5.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results 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. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal 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 $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.27%. Thomson Reuters's payout ratio is 49.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRI. The Goldman Sachs Group upped their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Scotiabank reaffirmed a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a report on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and a consensus target price of $183.70.

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.