Clearbridge Investments LLC Has $220.69 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Clearbridge Investments LLC lessened its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,376,012 shares of the business services provider’s stock after selling 16,311 shares during the quarter. Clearbridge Investments LLC owned about 0.31% of Thomson Reuters worth $220,685,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TRI. Charles Schwab Investment Management Inc. boosted its stake in shares of Thomson Reuters by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 318,713 shares of the business services provider’s stock valued at $54,421,000 after purchasing an additional 10,016 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $377,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Thomson Reuters by 13.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,530 shares of the business services provider’s stock valued at $14,776,000 after acquiring an additional 10,293 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in Thomson Reuters by 21.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,487 shares of the business services provider’s stock worth $254,000 after acquiring an additional 260 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at $3,420,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 1.0 %

Thomson Reuters stock opened at $171.01 on Monday. The company has a 50 day moving average of $172.29 and a 200-day moving average of $167.91. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a twelve month low of $149.50 and a twelve month high of $180.42. The stock has a market capitalization of $76.97 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 48.67%.

Wall Street Analyst Weigh In

TRI has been the subject of a number of analyst reports. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. The Goldman Sachs Group boosted 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. Scotiabank increased their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company lifted their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus 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.