Swiss National Bank Acquires 2,000 Shares of Thomson Reuters Co. (NYSE:TRI)

Swiss National Bank grew its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.4% during the 3rd quarter, Holdings Channel reports. The fund owned 476,055 shares of the business services provider’s stock after buying an additional 2,000 shares during the period. Swiss National Bank’s holdings in Thomson Reuters were worth $81,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its stake in shares of Thomson Reuters by 10.4% in the first quarter. Avantax Advisory Services Inc. now owns 1,841 shares of the business services provider’s stock worth $287,000 after purchasing an additional 173 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Thomson Reuters by 10.8% in the first quarter. Blair William & Co. IL now owns 2,220 shares of the business services provider’s stock worth $346,000 after purchasing an additional 216 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Thomson Reuters by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock worth $894,442,000 after purchasing an additional 41,680 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Thomson Reuters by 51.2% in the first quarter. Acadian Asset Management LLC now owns 32,500 shares of the business services provider’s stock worth $5,060,000 after purchasing an additional 11,000 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Thomson Reuters by 5.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 39,211 shares of the business services provider’s stock worth $6,107,000 after purchasing an additional 1,971 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRI has been the subject of a number of analyst reports. Scotiabank increased their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $176.33.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $161.15 on Tuesday. The firm has a 50-day moving average price of $168.29 and a 200-day moving average price of $167.40. The firm has a market capitalization of $72.50 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 current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12-month low of $136.93 and a 12-month high of $176.03.

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 (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned $0.82 EPS. The business’s revenue was up 8.2% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued 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 of this dividend is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. Thomson Reuters’s dividend payout ratio (DPR) is presently 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.