CenterBook Partners LP Invests $921,000 in Thomson Reuters Co. (NYSE:TRI)

CenterBook Partners LP purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,329 shares of the business services provider's stock, valued at approximately $921,000.

Several other institutional investors also recently added to or reduced their stakes in TRI. Rhumbline Advisers raised its stake in Thomson Reuters by 1.5% in the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock valued at $770,000 after purchasing an additional 68 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings 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 valued at $41,000 after buying an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $71,000 after buying an additional 84 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Thomson Reuters by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 11,349 shares of the business services provider's stock valued at $1,821,000 after buying an additional 102 shares in the last quarter. Finally, Sara Bay Financial boosted its holdings in shares of Thomson Reuters by 3.3% during the 1st quarter. Sara Bay Financial now owns 3,275 shares of the business services provider's stock valued at $560,000 after buying an additional 104 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

Thomson Reuters stock traded up $0.02 during mid-day trading on Friday, hitting $209.29. 1,241,712 shares of the company were exchanged, compared to its average volume of 483,250. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $218.42. The business's 50 day simple moving average is $197.21 and its two-hundred day simple moving average is $181.08. 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 company has a market capitalization of $94.30 billion, a P/E ratio of 42.80, a PEG ratio of 5.67 and a beta of 0.76.

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

Thomson Reuters Announces Dividend

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

Analyst Ratings Changes

TRI has been the subject of several research reports. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. TD Securities restated a "hold" rating on shares of Thomson Reuters in a report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their target price on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $187.30.

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.