Thomson Reuters Co. (NYSE:TRI) Shares Bought by West Family Investments Inc.

West Family Investments Inc. lifted its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,216 shares of the business services provider’s stock after buying an additional 126 shares during the quarter. West Family Investments Inc.’s holdings in Thomson Reuters were worth $719,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after acquiring an additional 3,223 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Thomson Reuters by 874.0% during the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock worth $20,351,000 after buying an additional 117,320 shares during the last quarter. &PARTNERS bought a new stake in shares of Thomson Reuters in the 2nd quarter worth approximately $278,000. Acadian Asset Management LLC boosted its holdings in Thomson Reuters by 51.2% during the first quarter. Acadian Asset Management LLC now owns 32,500 shares of the business services provider’s stock valued at $5,060,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Aigen Investment Management LP boosted its holdings in shares of Thomson Reuters by 87.4% in the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after acquiring an additional 3,417 shares in the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $162.01 on Tuesday. The stock has a market capitalization of $72.89 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73. 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 Co. has a 52-week low of $136.93 and a 52-week high of $176.03. The stock’s 50-day moving average price is $168.29 and its 200 day moving average price is $167.40.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion for 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 for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. As a group, equities research analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.54 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. This represents a $2.16 annualized dividend and a yield of 1.33%. Thomson Reuters’s dividend payout ratio is 42.52%.

Analysts Set New Price Targets

TRI has been the subject of a number of analyst reports. Scotiabank boosted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada lifted their price objective 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. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $176.33.

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.