Bokf Na Increases Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Bokf Na grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 69.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,057 shares of the business services provider’s stock after purchasing an additional 434 shares during the quarter. Bokf Na’s holdings in Thomson Reuters were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Thomson Reuters by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock worth $894,442,000 after acquiring an additional 41,680 shares during the period. 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 worth $730,195,000 after purchasing an additional 445,444 shares in the last quarter. TD Asset Management Inc raised its holdings in Thomson Reuters by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider’s stock worth $686,640,000 after purchasing an additional 26,483 shares during the period. 1832 Asset Management L.P. lifted its position in Thomson Reuters by 0.8% during the fourth quarter. 1832 Asset Management L.P. now owns 1,783,086 shares of the business services provider’s stock valued at $260,723,000 after purchasing an additional 13,747 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Thomson Reuters by 3.9% during the first quarter. Clearbridge Investments LLC now owns 1,333,533 shares of the business services provider’s stock valued at $207,804,000 after purchasing an additional 50,367 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NYSE TRI opened at $168.02 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $176.03. The business has a 50 day simple moving average of $165.26 and a two-hundred day simple moving average of $163.39. The stock has a market capitalization of $75.54 billion, a PE ratio of 32.00, a P/E/G ratio of 6.19 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results 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 during 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%. Thomson Reuters’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. On average, research analysts predict that Thomson Reuters Co. will post 3.72 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.146 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is 41.14%.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $164.00 to $182.00 in a research report on Tuesday, August 27th. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus target price of $173.45.

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.