ExodusPoint Capital Management LP Buys 13,298 Shares of Thomson Reuters Co. (NYSE:TRI)

ExodusPoint Capital Management LP grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 141.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,700 shares of the business services provider's stock after buying an additional 13,298 shares during the quarter. ExodusPoint Capital Management LP's holdings in Thomson Reuters were worth $3,641,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strategic Investment Advisors MI raised its holdings in Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after acquiring an additional 62 shares in the last quarter. NewSquare Capital LLC increased its position in shares of Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after purchasing an additional 62 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after purchasing an additional 64 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock valued at $722,000 after buying an additional 66 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock valued at $204,000 after buying an additional 68 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Shares of NYSE TRI traded up $5.41 during midday trading on Friday, reaching $172.68. The company's stock had a trading volume of 791,224 shares, compared to its average volume of 391,214. The company has a market cap of $77.72 billion, a P/E ratio of 35.31, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a fifty-two week low of $149.50 and a fifty-two week high of $180.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The business's 50 day moving average price is $173.17 and its two-hundred day moving average price is $167.78.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a yield of 1.38%. Thomson Reuters's payout ratio is presently 48.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Bank of America started coverage on shares of Thomson Reuters in a research note on Thursday. They issued a "neutral" rating and a $180.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of "Hold" and a consensus price target of $177.80.

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.