Geode Capital Management LLC Has $214.24 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Geode Capital Management LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 74.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,315,080 shares of the business services provider’s stock after purchasing an additional 560,450 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of Thomson Reuters worth $214,236,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Thomson Reuters by 33.4% in the 3rd quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider’s stock valued at $2,757,000 after purchasing an additional 4,039 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Thomson Reuters in the third quarter valued at about $1,157,000. Y Intercept Hong Kong Ltd lifted its position in Thomson Reuters by 85.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 4,428 shares of the business services provider’s stock worth $755,000 after buying an additional 2,040 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Thomson Reuters during the 3rd quarter worth about $2,538,000. Finally, Toronto Dominion Bank increased its position in Thomson Reuters by 1.8% in the 3rd quarter. Toronto Dominion Bank now owns 514,250 shares of the business services provider’s stock valued at $87,731,000 after acquiring an additional 9,200 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $165.98 on Monday. The stock has a market cap of $74.71 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The stock has a 50-day moving average of $173.30 and a 200-day moving average of $167.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a $0.595 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s dividend payout ratio is 48.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. CIBC increased their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $177.56.

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.