Thomson Reuters Co. (NYSE:TRI) Stock Position Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,185 shares of the business services provider’s stock after acquiring an additional 560 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Thomson Reuters were worth $3,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TRI. National Bank of Canada FI boosted its position in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after buying an additional 516,715 shares during the period. CIBC Asset Management Inc boosted its position 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 worth $185,011,000 after buying an additional 395,481 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after buying an additional 255,387 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Thomson Reuters by 909.9% in 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 buying an additional 189,199 shares during the period. Finally, AGF Management Ltd. boosted its position in shares of Thomson Reuters by 60.7% in the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider’s stock worth $74,698,000 after buying an additional 174,546 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE TRI opened at $172.17 on Monday. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.42. The stock’s 50-day moving average is $169.55 and its two-hundred day moving average is $167.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market cap of $77.49 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.38%. Thomson Reuters’s payout ratio is presently 48.67%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $177.56.

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.