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

Point72 Asset Management L.P. boosted its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,901 shares of the business services provider's stock after purchasing an additional 8,201 shares during the quarter. Point72 Asset Management L.P.'s holdings in Thomson Reuters were worth $9,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Thomson Reuters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after acquiring an additional 76,382 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after acquiring an additional 516,605 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after acquiring an additional 560,450 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Thomson Reuters by 5.5% during the 4th quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider's stock valued at $189,720,000 after acquiring an additional 61,235 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

NYSE:TRI traded up $0.95 during mid-day trading on Friday, reaching $195.12. The stock had a trading volume of 441,280 shares, 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 firm has a 50 day moving average price of $179.56 and a two-hundred day moving average price of $171.60. The stock 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 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 quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The business 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 business's quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. As a group, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The business 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 $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 1.22%. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TRI shares. Canaccord Genuity Group lifted their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. Barclays lifted their price target on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company boosted their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.