Thomson Reuters Co. (NYSE:TRI) Shares Bought by Caprock Group LLC

Caprock Group LLC increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,506 shares of the business services provider’s stock after acquiring an additional 248 shares during the period. Caprock Group LLC’s holdings in Thomson Reuters were worth $598,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank boosted its position in Thomson Reuters by 0.4% during the third quarter. Swiss National Bank now owns 476,055 shares of the business services provider’s stock worth $81,331,000 after purchasing an additional 2,000 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Thomson Reuters by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,700 shares of the business services provider’s stock valued at $972,000 after acquiring an additional 140 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Thomson Reuters during the 3rd quarter valued at about $4,387,000. Aigen Investment Management LP raised its position in Thomson Reuters by 87.4% during the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after acquiring an additional 3,417 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters in the third quarter valued at about $47,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $161.20 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $72.53 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 5.44 and a beta of 0.73. Thomson Reuters Co. has a 1 year low of $138.09 and a 1 year high of $176.03. The firm has a 50 day moving average price of $167.38 and a 200 day moving average price of $167.25.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a $0.54 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s payout ratio is currently 42.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRI. JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Scotiabank boosted their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada lifted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $176.33.

Thomson Reuters Company 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.