Banque Cantonale Vaudoise Purchases 5,480 Shares of Thomson Reuters Co. (NYSE:TRI)

Banque Cantonale Vaudoise increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 5,169.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,586 shares of the business services provider’s stock after purchasing an additional 5,480 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Thomson Reuters were worth $954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Thomson Reuters by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,739,858 shares of the business services provider’s stock valued at $894,442,000 after buying an additional 41,680 shares during the last quarter. TD Asset Management Inc grew its stake 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 valued at $686,640,000 after buying an additional 26,483 shares during the last quarter. Fiera Capital Corp grew its stake in Thomson Reuters by 1.0% in the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider’s stock valued at $458,559,000 after buying an additional 27,714 shares during the last quarter. Clearbridge Investments LLC grew its stake in Thomson Reuters by 9.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider’s stock valued at $245,893,000 after buying an additional 125,167 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in Thomson Reuters by 26.3% in the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock valued at $223,525,000 after buying an additional 276,206 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of research reports. Scotiabank upped their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. 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. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada increased their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $176.33.

Thomson Reuters Stock Performance

NYSE TRI opened at $160.74 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $72.32 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 5.47 and a beta of 0.73. The firm’s 50 day simple moving average is $167.84 and its 200 day simple moving average is $167.33. Thomson Reuters Co. has a 1 year low of $137.47 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, research analysts expect 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 paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

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.