Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,859 shares of the business services provider’s stock after acquiring an additional 3,161 shares during the period. Trexquant Investment LP’s holdings in Thomson Reuters were worth $11,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the 4th quarter valued at approximately $26,000. Curio Wealth LLC bought a new stake in shares of Thomson Reuters in the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters during the 4th quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after buying an additional 136 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective 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. StockNews.com downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Scotiabank raised their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.56.

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $175.53 on Thursday. The stock has a market cap of $79.01 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 5.67 and a beta of 0.70. 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 12 month low of $149.50 and a 12 month high of $180.42. The stock’s 50 day moving average price is $173.02 and its 200 day moving average price is $167.96.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.36%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

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.