Thomson Reuters Co. (NYSE:TRI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 13.5% in the third quarter, Holdings Channel reports. The firm owned 86,530 shares of the business services provider’s stock after buying an additional 10,293 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Thomson Reuters were worth $14,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TRI. Bridgewater Associates LP acquired a new stake in shares of Thomson Reuters during the third quarter worth about $11,690,000. Quantbot Technologies LP raised its stake in Thomson Reuters by 681.8% during the 3rd quarter. Quantbot Technologies LP now owns 16,746 shares of the business services provider’s stock valued at $2,857,000 after acquiring an additional 14,604 shares during the last quarter. FMR LLC grew its stake in shares of Thomson Reuters by 0.8% in the 3rd quarter. FMR LLC now owns 7,209,202 shares of the business services provider’s stock valued at $1,229,716,000 after purchasing an additional 57,854 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of Thomson Reuters in the third quarter valued at approximately $2,127,000. Finally, DRW Securities LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth approximately $1,587,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $162.59 on Friday. The stock has a fifty day moving average price of $166.55 and a 200 day moving average price of $167.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $73.15 billion, a PE ratio of 32.01, a P/E/G ratio of 5.47 and a beta of 0.73. Thomson Reuters Co. has a 1 year low of $138.80 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRI shares. 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 research report on Wednesday, November 6th. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Wells Fargo & Company started coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective for the company. Scotiabank boosted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus target price of $175.20.

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.