Thomson Reuters Co. (NYSE:TRI) Shares Bought by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC significantly increased its holdings in Thomson Reuters by 24,790.9%, acquiring an additional 2,727 shares in the first quarter, bringing its total to 2,738 shares worth $473,000.
• Thomson Reuters reported earnings per share (EPS) of $0.87 for the last quarter, exceeding analysts' estimates and a net margin of 30.45% with revenue of $1.81 billion.
• The company announced a quarterly dividend of $0.595 per share, set to be paid on September 10th, reflecting a dividend yield of 1.3% and a payout ratio of 49.69%.

Headlands Technologies LLC increased its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 24,790.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,738 shares of the business services provider's stock after acquiring an additional 2,727 shares during the quarter. Headlands Technologies LLC's holdings in Thomson Reuters were worth $473,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Thomson Reuters in the 1st quarter valued at $626,000. Cambridge Investment Research Advisors Inc. increased its stake 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 valued at $1,948,000 after buying an additional 776 shares during the period. Callan Capital LLC acquired a new position in Thomson Reuters in the 1st quarter valued at $244,000. Ameriprise Financial Inc. increased its stake in Thomson Reuters by 0.9% in the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock valued at $5,683,000 after buying an additional 313 shares during the period. Finally, TD Asset Management Inc increased its stake in Thomson Reuters by 15.7% in the 1st quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock valued at $951,477,000 after buying an additional 750,063 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRI has been the topic of several recent research reports. National Bankshares reissued an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. Wells Fargo & Company dropped their price objective on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a research report on Thursday. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $188.00 to $200.00 in a research note on Wednesday. Finally, Barclays upped their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $194.20.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $179.96 on Friday. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm's 50-day simple moving average is $198.75 and its 200 day simple moving average is $184.95. The firm has a market capitalization of $81.10 billion, a PE ratio of 36.80, a P/E/G ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 19th. Thomson Reuters's dividend payout ratio is presently 49.69%.

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.

Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.