XTX Topco Ltd Buys New Stake in Thomson Reuters Co. (NYSE:TRI)

XTX Topco Ltd purchased 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,780 shares of the business services provider's stock, valued at approximately $1,157,000.

Several other hedge funds have also recently modified their holdings of the stock. National Bank of Canada FI raised its position in shares of Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider's stock worth $164,292,000 after purchasing an additional 516,715 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Thomson Reuters by 33.4% during the 3rd quarter. Wellington Management Group LLP now owns 16,145 shares of the business services provider's stock worth $2,757,000 after purchasing an additional 4,039 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Thomson Reuters during the 3rd quarter valued at about $8,246,000. Prana Capital Management LP purchased a new stake in Thomson Reuters during the 3rd quarter valued at about $19,143,000. Finally, Benjamin Edwards Inc. grew its stake in Thomson Reuters by 64.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,878 shares of the business services provider's stock valued at $833,000 after acquiring an additional 1,913 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports 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 raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Monday, December 2nd. Scotiabank upped their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and a consensus target price of $175.20.

Thomson Reuters Stock Up 0.7 %

Thomson Reuters stock traded up $1.15 during mid-day trading on Tuesday, reaching $170.21. 303,557 shares of the company's stock were exchanged, compared to its average volume of 351,741. The company has a market cap of $76.58 billion, a P/E ratio of 33.50, a P/E/G ratio of 5.77 and a beta of 0.71. Thomson Reuters Co. has a twelve month low of $138.83 and a twelve month high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $166.12 and a 200-day moving average of $166.84.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters's dividend payout ratio (DPR) is presently 42.52%.

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.