Thomson Reuters Co. (NYSE:TRI) Shares Bought by XTX Topco Ltd

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its position in shares of Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after buying an additional 139 shares during the last quarter. Investment Management Corp VA ADV acquired a new position in Thomson Reuters in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. lifted its stake in shares of Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after purchasing an additional 69 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Thomson Reuters by 42.8% in the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRI. TD Securities reiterated a "hold" rating on shares of Thomson Reuters in a research report on Tuesday, July 15th. Royal Bank Of Canada boosted their target price on shares of Thomson Reuters from $185.00 to $215.00 and gave the company a "sector perform" rating in a report on Monday, July 28th. CIBC boosted their price objective on shares of Thomson Reuters from $174.00 to $201.00 and gave the company an "outperformer" rating in a research note on Monday, July 21st. Barclays lifted their target price on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $193.00.

Thomson Reuters Stock Down 9.9%

Shares of NYSE TRI traded down $19.85 during trading on Wednesday, reaching $179.97. 4,097,357 shares of the stock were exchanged, compared to its average volume of 849,298. Thomson Reuters Co. has a twelve month low of $151.60 and a twelve month high of $218.42. The company has a market capitalization of $81.10 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. 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 business's 50-day moving average price is $199.72 and its 200 day moving average price is $184.71.

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.