GAMMA Investing LLC Has $20.18 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

GAMMA Investing LLC raised its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 16,802.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,799 shares of the business services provider's stock after buying an additional 116,108 shares during the period. GAMMA Investing LLC's holdings in Thomson Reuters were worth $20,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRI. Versant Capital Management Inc grew its position in Thomson Reuters by 1,517.7% during the 1st quarter. Versant Capital Management Inc now owns 1,828 shares of the business services provider's stock worth $315,000 after acquiring an additional 1,715 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Thomson Reuters by 25.7% during the first 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. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Thomson Reuters by 19.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,798 shares of the business services provider's stock worth $1,411,000 after purchasing an additional 1,436 shares during the last quarter. Brucke Financial Inc. acquired a new position in shares of Thomson Reuters in the fourth quarter valued at approximately $201,000. Finally, Landaas & Co. WI ADV bought a new position in Thomson Reuters in the 4th quarter valued at approximately $228,000. Institutional investors own 17.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. TD Securities lifted their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Bank of America started coverage on Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Canaccord Genuity Group raised their target price on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Finally, CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $183.70.

Thomson Reuters Stock Down 0.2%

Shares of Thomson Reuters stock traded down $0.30 during trading on Friday, reaching $195.00. 375,975 shares of the company traded hands, compared to its average volume of 433,761. The firm has a market capitalization of $87.84 billion, a PE ratio of 39.88, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $199.11. The company has a 50 day moving average price of $184.37 and a 200-day moving average price of $173.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings results 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 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 business's revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 earnings per share. As a group, equities research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.22%. Thomson Reuters's payout ratio is currently 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.