XTX Topco Ltd Boosts Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Key Points

• XTX Topco Ltd significantly increased its stake in Thomson Reuters Co. by 188.6% in the first quarter, now owning 3,786 shares valued at approximately $654,000.
• Several institutional investors, including Cullen Frost Bankers Inc. and SBI Securities Co. Ltd., have also raised their positions in Thomson Reuters, reflecting growing interest in the company which is over 17% owned by such investors.
• The stock of Thomson Reuters recently fell by 9.9% to $179.97, with analysts providing a mixed outlook, resulting in an average rating of "Hold" and a target price of $193.00.

XTX Topco Ltd raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 188.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,786 shares of the business services provider's stock after purchasing an additional 2,474 shares during the period. XTX Topco Ltd's holdings in Thomson Reuters were worth $654,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in shares of Thomson Reuters by 139.5% in the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after buying an additional 4,977,006 shares in the last quarter. TD Asset Management Inc boosted 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 worth $951,477,000 after purchasing an additional 750,063 shares in the last quarter. GAMMA Investing LLC boosted its stake in Thomson Reuters by 16,802.9% in the 1st quarter. GAMMA Investing LLC now owns 116,799 shares of the business services provider's stock worth $20,181,000 after purchasing an additional 116,108 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Thomson Reuters by 111.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 186,426 shares of the business services provider's stock worth $29,899,000 after purchasing an additional 98,441 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Thomson Reuters by 19.1% in the 4th quarter. Toronto Dominion Bank now owns 612,251 shares of the business services provider's stock worth $98,187,000 after purchasing an additional 98,001 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

NYSE TRI traded down $1.60 on Friday, hitting $179.96. 1,329,246 shares of the company's stock traded hands, compared to its average volume of 858,698. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 1-year low of $151.60 and a 1-year high of $218.42. The firm's 50-day moving average price is $198.75 and its two-hundred day moving average price 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 announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. As a group, analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, August 19th. Thomson Reuters's payout ratio is 49.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Scotiabank upgraded shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $188.00 to $200.00 in a research note on Wednesday. Royal Bank Of Canada lowered their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research note on Thursday. TD Securities lowered their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, National Bankshares reiterated an "outperform" rating on shares of Thomson Reuters in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $194.20.

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.