Plato Investment Management Ltd Buys New Holdings in Thomson Reuters Co. (NYSE:TRI)

Plato Investment Management Ltd acquired a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,718 shares of the business services provider's stock, valued at approximately $4,387,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRI. Aigen Investment Management LP lifted its stake in Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider's stock valued at $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Thomson Reuters during the 3rd quarter worth $47,000. Axxcess Wealth Management LLC increased its holdings in Thomson Reuters by 4.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 3,068 shares of the business services provider's stock worth $523,000 after acquiring an additional 136 shares during the last quarter. Assetmark Inc. raised its stake in Thomson Reuters by 1.2% in the 3rd quarter. Assetmark Inc. now owns 74,768 shares of the business services provider's stock valued at $12,755,000 after acquiring an additional 904 shares during the period. Finally, Fiera Capital Corp lifted its holdings in Thomson Reuters by 1.0% during the third quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock valued at $458,559,000 after purchasing an additional 27,714 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

Shares of NYSE:TRI traded down $3.65 on Thursday, hitting $164.74. The company's stock had a trading volume of 270,217 shares, compared to its average volume of 353,618. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50-day simple moving average of $168.59 and a 200 day simple moving average of $167.15. The company has a market capitalization of $74.11 billion, a PE ratio of 33.15, a PEG ratio of 5.73 and a beta of 0.73. Thomson Reuters Co. has a 1 year low of $132.87 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results 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 net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, November 21st. Thomson Reuters's dividend payout ratio (DPR) is presently 42.52%.

Wall Street Analyst Weigh In

TRI has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada boosted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Finally, Scotiabank raised their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.