Thomson Reuters Co. (NYSE:TRI) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 12.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 170,605 shares of the business services provider’s stock after purchasing an additional 18,381 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Thomson Reuters were worth $28,759,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TRI. Norges Bank purchased a new position in Thomson Reuters during the fourth quarter valued at $160,372,000. TD Asset Management Inc lifted its stake in Thomson Reuters by 30.8% in the 4th quarter. TD Asset Management Inc now owns 3,752,472 shares of the business services provider’s stock valued at $551,317,000 after buying an additional 884,572 shares in the last quarter. FIL Ltd boosted its holdings in Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after buying an additional 445,444 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Thomson Reuters by 53.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 969,443 shares of the business services provider’s stock worth $141,752,000 after buying an additional 338,896 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in Thomson Reuters by 25.2% during the 4th quarter. Clearbridge Investments LLC now owns 1,283,166 shares of the business services provider’s stock worth $187,625,000 after buying an additional 258,272 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Up 0.9 %

Thomson Reuters stock traded up $1.60 during mid-day trading on Friday, reaching $171.17. 244,961 shares of the company’s stock were exchanged, compared to its average volume of 382,733. The company has a fifty day moving average of $164.65 and a 200-day moving average of $162.17. The company has a market cap of $76.98 billion, a P/E ratio of 32.60, a P/E/G ratio of 5.96 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm posted $0.84 EPS. Thomson Reuters’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts expect that Thomson Reuters Co. will post 3.72 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.146 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.58 annualized dividend and a dividend yield of 0.34%. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.14%.

Analyst Upgrades and Downgrades

TRI has been the subject of several recent research reports. UBS Group increased their price objective on Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. CIBC increased their target price on shares of Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $164.00 to $182.00 in a report on Tuesday. Finally, Canaccord Genuity Group boosted their target price on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has an average rating of “Hold” and an average price target of $173.45.

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.