Thomson Reuters Co. (NYSE:TRI) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP raised its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 87.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,326 shares of the business services provider's stock after buying an additional 3,417 shares during the quarter. Aigen Investment Management LP's holdings in Thomson Reuters were worth $1,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Rothschild Investment LLC acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock valued at $28,000 after buying an additional 80 shares during the last quarter. Asset Dedication LLC raised its holdings in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group acquired a new position in Thomson Reuters during the 3rd quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Thomson Reuters in the third quarter worth $47,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Thomson Reuters Stock Up 0.1 %

Shares of TRI traded up $0.16 on Tuesday, hitting $169.51. The company's stock had a trading volume of 275,255 shares, compared to its average volume of 354,030. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $76.26 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 5.69 and a beta of 0.73. The firm's fifty day moving average price is $168.59 and its 200-day moving average price is $167.03. Thomson Reuters Co. has a fifty-two week low of $130.23 and a fifty-two week high of $176.03.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, equities research analysts expect that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio is currently 42.52%.

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.