GAMMA Investing LLC Purchases 116,108 Shares of Thomson Reuters Co. (NYSE:TRI)

GAMMA Investing LLC boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 16,802.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,799 shares of the business services provider's stock after buying an additional 116,108 shares during the quarter. GAMMA Investing LLC's holdings in Thomson Reuters were worth $20,181,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in shares of Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after acquiring an additional 4,977,006 shares in the last quarter. Norges Bank acquired a new stake in Thomson Reuters in the 4th quarter worth approximately $148,221,000. Geode Capital Management LLC lifted its holdings in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares during the last quarter. TD Asset Management Inc. boosted its position in Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after purchasing an additional 516,605 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after purchasing an additional 395,481 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRI. TD Securities boosted their price objective on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. 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 report on Friday, May 2nd. Royal Bank of Canada raised their price target on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Thomson Reuters has a consensus rating of "Hold" and an average price target of $183.70.

Thomson Reuters Stock Performance

Shares of TRI traded down $2.34 during trading hours on Monday, reaching $192.66. 543,487 shares of the company traded hands, compared to its average volume of 434,793. 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 stock's fifty day moving average is $184.37 and its 200 day moving average is $173.80. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $199.11. The stock has a market cap of $86.79 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77.

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 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. The company's revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.24%. Thomson Reuters's dividend 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.