MQS Management LLC Purchases New Stake in Thomson Reuters Co. (NYSE:TRI)

MQS Management LLC acquired a new position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,768 shares of the business services provider's stock, valued at approximately $305,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Thomson Reuters in the fourth quarter worth about $11,285,000. Cambridge Investment Research Advisors Inc. increased its holdings in Thomson Reuters by 7.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock worth $1,948,000 after acquiring an additional 776 shares in the last quarter. Callan Capital LLC purchased a new stake in Thomson Reuters in the 1st quarter worth approximately $244,000. Ameriprise Financial Inc. raised its stake in Thomson Reuters by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock worth $5,683,000 after acquiring an additional 313 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Thomson Reuters by 4.1% during the fourth quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider's stock valued at $469,000 after purchasing an additional 115 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded up $0.84 during trading on Wednesday, hitting $211.23. 1,916,673 shares of the company's stock were exchanged, compared to its average volume of 479,434. The stock has a market capitalization of $95.17 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 5.67 and a beta of 0.76. The business has a 50-day simple moving average of $196.32 and a 200-day simple moving average of $180.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 52-week low of $150.01 and a 52-week high of $218.42.

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

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio is presently 49.69%.

Analyst Ratings Changes

A number of research firms have commented on TRI. TD Securities reissued a "hold" rating on shares of Thomson Reuters in a report on Tuesday. Wells Fargo & Company lifted their target price on Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Royal Bank Of Canada increased their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, Barclays lifted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $187.30.

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.