Point72 Hong Kong Ltd Boosts Holdings in Thomson Reuters Co. (NYSE:TRI)

Point72 Hong Kong Ltd increased its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 771.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,175 shares of the business services provider's stock after buying an additional 19,630 shares during the period. Point72 Hong Kong Ltd's holdings in Thomson Reuters were worth $3,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of Thomson Reuters during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 period. Asset Dedication LLC increased its position 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 buying an additional 130 shares in the last quarter. Clean Yield Group bought a new stake in shares of Thomson Reuters during the third quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters during the third quarter worth approximately $47,000. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

TRI has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. Scotiabank raised their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and a consensus target price of $175.20.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded up $0.89 on Friday, reaching $162.59. 143,503 shares of the company traded hands, compared to its average volume of 335,271. 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 firm has a market capitalization of $73.15 billion, a PE ratio of 32.01, a PEG ratio of 5.50 and a beta of 0.73. The company has a 50 day moving average of $166.55 and a 200 day moving average of $167.04. Thomson Reuters Co. has a 52 week low of $138.80 and a 52 week 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, beating analysts' consensus estimates of $0.77 by $0.03. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a $0.54 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.33%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's payout ratio is 42.52%.

About Thomson Reuters

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.