Millennium Management LLC Has $30.81 Million Position in Thomson Reuters Co. (NYSE:TRI)

Millennium Management LLC grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Thomson Reuters by 12.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 183,624 shares of the business services provider's stock worth $29,452,000 after acquiring an additional 20,639 shares during the period. Ground Swell Capital LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at about $235,000. Focus Partners Wealth lifted its holdings in Thomson Reuters by 33.5% in the fourth quarter. Focus Partners Wealth now owns 3,784 shares of the business services provider's stock worth $607,000 after purchasing an additional 950 shares during the period. Cetera Investment Advisers lifted its holdings in Thomson Reuters by 49.2% in the fourth quarter. Cetera Investment Advisers now owns 7,943 shares of the business services provider's stock worth $1,275,000 after purchasing an additional 2,618 shares during the period. Finally, Captrust Financial Advisors grew its position in Thomson Reuters by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider's stock valued at $469,000 after buying an additional 115 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Shares of TRI traded down $1.00 during trading hours on Thursday, hitting $194.17. 415,226 shares of the company were exchanged, compared to its average volume of 429,107. 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 $87.47 billion, a PE ratio of 39.71, a PEG ratio of 5.67 and a beta of 0.75. The firm has a fifty day simple moving average of $178.70 and a 200-day simple moving average of $171.20. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $196.27.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its 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. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. TD Securities boosted their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Barclays increased their price target on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Bank of America assumed coverage on Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective on the stock. Finally, CIBC upped their price objective on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $183.70.

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.