Trexquant Investment LP lifted its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,859 shares of the business services provider's stock after purchasing an additional 3,161 shares during the quarter. Trexquant Investment LP's holdings in Thomson Reuters were worth $11,525,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in TRI. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $26,000. Curio Wealth LLC purchased a new position in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in Thomson Reuters during the 4th quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC increased its position in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Down 2.3 %
TRI traded down $3.84 on Monday, reaching $162.15. The company's stock had a trading volume of 281,799 shares, compared to its average volume of 378,552. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The business's 50 day moving average is $173.30 and its 200 day moving average is $167.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market cap of $72.98 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.47%. The ex-dividend date was Thursday, February 20th. Thomson Reuters's payout ratio is currently 48.67%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TRI. Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. CIBC lifted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Scotiabank increased their price target on Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Thomson Reuters from $175.00 to $177.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $177.56.
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Thomson Reuters Company Profile
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Free Report)
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.
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