Point72 Asset Management L.P. Grows Position in Thomson Reuters Co. (NYSE:TRI)

Point72 Asset Management L.P. lifted its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,901 shares of the business services provider's stock after buying an additional 8,201 shares during the period. Point72 Asset Management L.P.'s holdings in Thomson Reuters were worth $9,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $27,000. Atomi Financial Group Inc. increased its position in Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock valued at $292,000 after purchasing an additional 252 shares during the period. CIBC Asset Management Inc raised its holdings in Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock worth $409,000 after purchasing an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Thomson Reuters by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after purchasing an additional 1,145 shares during the period. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of TRI stock traded down $1.00 during trading hours on Thursday, reaching $194.17. 415,226 shares of the company traded hands, compared to its average volume of 429,107. The firm has a 50-day moving average price of $178.70 and a 200 day moving average price of $171.20. The company has a market cap of $87.47 billion, a P/E ratio of 39.71, a P/E/G ratio of 5.67 and a beta of 0.75. 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 Co. has a 12-month low of $150.01 and a 12-month high of $196.27.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data 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 firm had revenue of $1.90 billion for 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 company's revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. As a group, sell-side analysts predict 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. Investors 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 dividend on an annualized basis and a yield of 1.23%. Thomson Reuters's dividend payout ratio is presently 49.69%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRI. TD Securities lifted their price target on Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Royal Bank of Canada raised their price objective 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. Scotiabank restated a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. CIBC increased their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $183.70.

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.