Magnetar Financial LLC Decreases Stock Position in Thomson Reuters Co. (NYSE:TRI)

Magnetar Financial LLC lessened its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 29.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,505 shares of the business services provider's stock after selling 3,612 shares during the period. Magnetar Financial LLC's holdings in Thomson Reuters were worth $1,364,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI raised its stake in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock valued at $164,292,000 after acquiring an additional 516,715 shares during the period. CIBC Asset Management Inc raised its position in Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Thomson Reuters by 909.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 209,993 shares of the business services provider's stock worth $35,815,000 after purchasing an additional 189,199 shares during the last quarter. AGF Management Ltd. boosted its position in shares of Thomson Reuters by 60.7% during the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock valued at $74,698,000 after buying an additional 174,546 shares during the period. Finally, Prana Capital Management LP bought a new position in shares of Thomson Reuters during the third quarter valued at approximately $19,143,000. 17.31% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of 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, StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $177.56.

Thomson Reuters Stock Up 0.5 %

Shares of NYSE:TRI traded up $0.88 on Tuesday, reaching $172.45. The company had a trading volume of 368,596 shares, compared to its average volume of 360,163. The firm has a market capitalization of $77.68 billion, a PE ratio of 35.27, a PEG ratio of 5.67 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52-week low of $149.50 and a 52-week high of $180.42. The firm's 50 day simple moving average is $171.11 and its 200-day simple moving average is $167.84.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

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

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.