MQS Management LLC Takes $305,000 Position in Thomson Reuters Co. (NYSE:TRI)

MQS Management LLC purchased a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,768 shares of the business services provider’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mackenzie Financial Corp grew its position in shares of Thomson Reuters by 139.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock worth $1,370,564,000 after buying an additional 4,977,006 shares in the last quarter. Norges Bank acquired a new stake in Thomson Reuters in the fourth quarter valued at $148,221,000. Geode Capital Management LLC raised its stake in Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after buying an additional 560,450 shares in the last quarter. TD Asset Management Inc. raised its stake in Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after buying an additional 516,605 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Thomson Reuters by 16,802.9% in the first quarter. GAMMA Investing LLC now owns 116,799 shares of the business services provider’s stock valued at $20,181,000 after purchasing an additional 116,108 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Thomson Reuters in a report on Thursday. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Bank of America assumed coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a “neutral” rating and a $180.00 price objective for the company. Wall Street Zen downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Finally, Barclays upped their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $187.30.

Thomson Reuters Stock Up 7.6%

TRI stock opened at $214.21 on Tuesday. Thomson Reuters Co. has a twelve month low of $150.01 and a twelve month 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 company has a market capitalization of $96.51 billion, a P/E ratio of 43.81, a PEG ratio of 5.67 and a beta of 0.76. The firm has a 50 day simple moving average of $195.38 and a 200-day simple moving average of $179.85.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. On average, equities research analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.11%. Thomson Reuters’s dividend payout ratio (DPR) is 49.69%.

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.