32,113 Shares in Thomson Reuters Co. $TRI Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,113 shares of the business services provider’s stock, valued at approximately $4,988,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRI. Brighton Jones LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $448,000. AQR Capital Management LLC grew its holdings in Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after buying an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Thomson Reuters in the 1st quarter worth approximately $205,000. Ethic Inc. bought a new position in Thomson Reuters in the 2nd quarter worth approximately $217,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

TRI has been the topic of several research analyst reports. 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, February 10th. 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. BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a report on Friday, February 6th. Scotiabank reiterated an “outperform” rating and issued a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. Finally, UBS Group set a $131.50 price target on Thomson Reuters in a research note on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Trading Down 3.5%

TRI stock opened at $96.41 on Friday. Thomson Reuters Co. has a 1-year low of $79.71 and a 1-year high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $111.93 and its 200-day moving average is $139.08. The firm has a market cap of $42.90 billion, a P/E ratio of 19.72, a P/E/G ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. Thomson Reuters’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a $0.655 dividend. This represents a $2.62 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s payout ratio is currently 78.68%.

About Thomson Reuters

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.