Wellington Management Group LLP Purchases 4,039 Shares of Thomson Reuters Co. (NYSE:TRI)

Wellington Management Group LLP increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 33.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,145 shares of the business services provider’s stock after purchasing an additional 4,039 shares during the quarter. Wellington Management Group LLP’s holdings in Thomson Reuters were worth $2,757,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Thomson Reuters during the third quarter worth approximately $8,246,000. Prana Capital Management LP acquired a new stake in shares of Thomson Reuters in the third quarter valued at $19,143,000. Benjamin Edwards Inc. increased its position in Thomson Reuters by 64.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,878 shares of the business services provider’s stock valued at $833,000 after acquiring an additional 1,913 shares in the last quarter. Point72 Hong Kong Ltd raised its position in Thomson Reuters by 771.3% in the 3rd quarter. Point72 Hong Kong Ltd now owns 22,175 shares of the business services provider’s stock worth $3,783,000 after purchasing an additional 19,630 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Thomson Reuters by 909.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider’s stock worth $35,815,000 after acquiring an additional 189,199 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TRI shares. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Scotiabank raised their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price for the company. Finally, StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.20.

Thomson Reuters Stock Down 0.5 %

TRI stock opened at $166.20 on Wednesday. The company has a market cap of $74.78 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 5.69 and a beta of 0.71. Thomson Reuters Co. has a twelve month low of $138.85 and a twelve month high of $176.03. The business has a 50 day moving average price of $166.13 and a two-hundred day moving average price of $166.66. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. Analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

Thomson Reuters 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.