BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $28.76 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,605 shares of the business services provider’s stock after purchasing an additional 18,381 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Thomson Reuters were worth $28,759,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TRI. Quotient Wealth Partners LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $957,000. Janus Henderson Group PLC increased its stake in shares of Thomson Reuters by 23.8% in the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after purchasing an additional 3,223 shares during the last quarter. FIL Ltd increased its stake in shares of Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock valued at $730,195,000 after purchasing an additional 445,444 shares during the last quarter. CIBC Asset Management Inc boosted its position in Thomson Reuters by 11.4% in the fourth quarter. CIBC Asset Management Inc now owns 581,703 shares of the business services provider’s stock valued at $85,320,000 after buying an additional 59,388 shares in the last quarter. Finally, Gillson Capital LP acquired a new stake in shares of Thomson Reuters during the 4th quarter valued at $15,063,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRI shares. Royal Bank of Canada decreased their price target on shares of Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Scotiabank upgraded Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $164.00 to $182.00 in a research report on Tuesday. CIBC raised their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group lifted their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $173.45.

Thomson Reuters Stock Up 0.9 %

Shares of NYSE:TRI traded up $1.60 during trading on Friday, reaching $171.17. 244,961 shares of the stock were exchanged, compared to its average volume of 382,733. The stock has a fifty day moving average of $164.65 and a two-hundred day moving average of $162.17. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $76.98 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 5.96 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Research analysts anticipate that Thomson Reuters Co. will post 3.72 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

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

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.