MML Investors Services LLC Has $2.64 Million Stake in Thomson Reuters Co. (NYSE:TRI)

MML Investors Services LLC boosted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 18.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,462 shares of the business services provider’s stock after acquiring an additional 2,537 shares during the quarter. MML Investors Services LLC’s holdings in Thomson Reuters were worth $2,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRI. SkyView Investment Advisors LLC grew its holdings in shares of Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after buying an additional 66 shares during the last quarter. World Investment Advisors LLC acquired a new position in Thomson Reuters during the 3rd quarter valued at about $6,649,000. JCIC Asset Management Inc. boosted its stake in Thomson Reuters by 1.5% during the 4th quarter. JCIC Asset Management Inc. now owns 26,360 shares of the business services provider’s stock valued at $4,230,000 after purchasing an additional 395 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Thomson Reuters by 23.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock worth $958,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Thomson Reuters by 26.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after purchasing an additional 526 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Bank of America assumed coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price objective for the company. Finally, CIBC lifted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $177.80.

Thomson Reuters Stock Down 0.2 %

TRI opened at $181.66 on Monday. The company’s 50-day moving average price is $174.26 and its two-hundred day moving average price is $168.64. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a twelve month low of $149.85 and a twelve month high of $184.11. The stock has a market cap of $81.82 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, equities analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

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.