Millennium Management LLC Grows Position in Thomson Reuters Co. (NYSE:TRI)

Millennium Management LLC grew its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 32.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,038 shares of the business services provider's stock after buying an additional 46,940 shares during the period. Millennium Management LLC's holdings in Thomson Reuters were worth $30,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Investment Advisors MI increased its position in Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after purchasing an additional 62 shares during the last quarter. NewSquare Capital LLC increased its position in Thomson Reuters by 1.5% in the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after purchasing an additional 62 shares during the last quarter. Pacer Advisors Inc. increased its position in Thomson Reuters by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after purchasing an additional 64 shares during the last quarter. Addison Advisors LLC increased its position in Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after purchasing an additional 68 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in Thomson Reuters by 2.1% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,810 shares of the business services provider's stock worth $611,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TRI. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Scotiabank restated a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Barclays boosted their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One equities research 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, the company presently has a consensus rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Trading Up 0.5%

NYSE TRI traded up $0.95 on Friday, hitting $195.12. 441,280 shares of the stock were exchanged, compared to its average volume of 429,586. 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 has a fifty day moving average price of $179.56 and a two-hundred day moving average price of $171.60. The firm has a market capitalization of $87.90 billion, a P/E ratio of 39.90, a P/E/G ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $196.27.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 30.45% and a return on equity of 14.62%. The business's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. Research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio is currently 49.69%.

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.