82,000 Shares in Thomson Reuters Co. $TRI Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, HoldingsChannel reports. The fund acquired 82,000 shares of the business services provider’s stock, valued at approximately $12,737,000.

A number of other institutional investors also recently made changes to their positions in the business. Cidel Asset Management Inc. boosted its stake in shares of Thomson Reuters by 3.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 133,790 shares of the business services provider’s stock valued at $20,779,000 after buying an additional 4,748 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Thomson Reuters by 9.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 14,346 shares of the business services provider’s stock valued at $2,228,000 after acquiring an additional 1,248 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its stake in Thomson Reuters by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 63,954 shares of the business services provider’s stock valued at $9,933,000 after acquiring an additional 5,100 shares during the last quarter. Caprock Group LLC acquired a new position in Thomson Reuters during the 3rd quarter worth $478,000. Finally, ING Groep NV bought a new stake in shares of Thomson Reuters in the 3rd quarter worth about $3,667,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TRI shares. JPMorgan Chase & Co. decreased their target price on Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Friday, February 6th. UBS Group set a $131.50 target price on shares of Thomson Reuters in a report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the stock an “outperformer” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price objective on the stock in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Price Performance

NYSE TRI opened at $86.89 on Friday. The company has a 50-day moving average price of $120.32 and a two-hundred day moving average price of $146.08. Thomson Reuters Co. has a 52 week low of $84.27 and a 52 week high of $218.42. The stock has a market cap of $38.67 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio is 78.68%.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.