Thomson Reuters Co. $TRI Stock Holdings Lessened by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its holdings in Thomson Reuters by 28.4%, owning 51,438 shares worth approximately $8.89 million after selling 20,421 shares during the first quarter.
• Several other institutional investors have increased their stakes in Thomson Reuters, with Northern Trust Corp raising its position by 50.9% and Jane Street Group LLC by 68.6% in the fourth quarter.
• The company reported an earnings per share of $0.87 for the recent quarter, exceeding analyst expectations and showing a 2.6% year-over-year revenue increase.

Trexquant Investment LP trimmed its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 28.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,438 shares of the business services provider's stock after selling 20,421 shares during the period. Trexquant Investment LP's holdings in Thomson Reuters were worth $8,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Thomson Reuters during the first quarter worth $626,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Thomson Reuters by 7.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,277 shares of the business services provider's stock worth $1,948,000 after purchasing an additional 776 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of Thomson Reuters by 2,723.3% during the first quarter. Gulf International Bank UK Ltd now owns 8,978 shares of the business services provider's stock worth $1,551,000 after purchasing an additional 8,660 shares during the period. Callan Capital LLC acquired a new stake in shares of Thomson Reuters during the first quarter worth $244,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Thomson Reuters by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock worth $5,683,000 after purchasing an additional 313 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

TRI traded down $0.65 on Monday, reaching $177.61. The company had a trading volume of 1,132,455 shares, compared to its average volume of 894,063. The company has a fifty day moving average of $192.11 and a 200-day moving average of $185.57. The company has a market capitalization of $80.04 billion, a P/E ratio of 36.32, a PEG ratio of 5.67 and a beta of 0.77. 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 one year low of $151.60 and a one year high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced 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. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. Thomson Reuters's revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.595 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.38 dividend on an annualized basis and a yield of 1.3%. Thomson Reuters's dividend payout ratio is currently 65.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research report on Thursday, August 7th. Scotiabank upgraded 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 report on Wednesday, August 6th. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. CIBC upgraded shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 19th. Finally, TD Securities upgraded shares of Thomson Reuters from a "hold" rating to a "buy" rating and upped their price target for the stock from $275.00 to $285.00 in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $201.90.

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.