CenterBook Partners LP Purchases Shares of 5,329 Thomson Reuters Co. (NYSE:TRI)

CenterBook Partners LP acquired a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 5,329 shares of the business services provider's stock, valued at approximately $921,000.

Several other institutional investors have also added to or reduced their stakes in TRI. Cullen Frost Bankers Inc. increased its stake in Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after buying an additional 139 shares during the last quarter. Investment Management Corp VA ADV acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. increased its stake in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after purchasing an additional 69 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after purchasing an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research reports. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Barclays upped their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada upped their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Finally, TD Securities reissued a "hold" rating on shares of Thomson Reuters in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $187.30.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded up $0.02 on Friday, reaching $209.29. 1,241,712 shares of the stock were exchanged, compared to its average volume of 483,533. The firm's 50 day moving average is $196.77 and its 200-day moving average is $180.60. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $218.42. 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 firm has a market cap of $94.30 billion, a PE ratio of 42.80, a P/E/G ratio of 5.67 and a beta of 0.76.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm's revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.

Thomson Reuters Company 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.