Quadrature Capital Ltd Makes New Investment in Thomson Reuters Co. (NYSE:TRI)

Quadrature Capital Ltd bought a new position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,300 shares of the business services provider's stock, valued at approximately $8,246,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TRI. &PARTNERS acquired a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $278,000. Aigen Investment Management LP boosted its stake in shares of Thomson Reuters by 87.4% in the 3rd 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. Meridian Wealth Management LLC bought a new stake in shares of Thomson Reuters in the third quarter worth about $4,506,000. Toronto Dominion Bank grew its holdings in shares of Thomson Reuters by 87.1% in the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after acquiring an additional 235,145 shares in the last quarter. Finally, Icon Wealth Advisors LLC lifted its position in Thomson Reuters by 547.4% during the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider's stock worth $1,355,000 after acquiring an additional 6,716 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock traded up $0.80 during trading on Thursday, hitting $169.20. The company's stock had a trading volume of 165,404 shares, compared to its average volume of 351,654. The business has a fifty day moving average of $166.18 and a 200-day moving average of $166.94. Thomson Reuters Co. has a 52 week low of $138.83 and a 52 week high of $176.03. The company has a market cap of $76.12 billion, a PE ratio of 33.17, a P/E/G ratio of 5.58 and a beta of 0.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results 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. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned $0.82 EPS. Thomson Reuters's revenue was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRI. Scotiabank boosted their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price target on the stock. National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Royal Bank of Canada raised 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $175.20.

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.