Two Sigma Advisers LP Has $16.36 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Two Sigma Advisers LP raised its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 88.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,019 shares of the business services provider's stock after buying an additional 47,868 shares during the quarter. Two Sigma Advisers LP's holdings in Thomson Reuters were worth $16,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Investments LP grew its holdings in Thomson Reuters by 43.3% in the 4th quarter. Two Sigma Investments LP now owns 301,729 shares of the business services provider's stock valued at $48,391,000 after buying an additional 91,185 shares in the last quarter. Toronto Dominion Bank boosted its stake in Thomson Reuters by 19.1% in the fourth quarter. Toronto Dominion Bank now owns 612,251 shares of the business services provider's stock valued at $98,187,000 after buying an additional 98,001 shares in the last quarter. Shell Asset Management Co. boosted its stake in Thomson Reuters by 17.7% in the fourth quarter. Shell Asset Management Co. now owns 31,866 shares of the business services provider's stock valued at $5,114,000 after buying an additional 4,801 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter valued at about $736,000. Finally, Point72 Asset Management L.P. raised its position in Thomson Reuters by 16.8% in the fourth quarter. Point72 Asset Management L.P. now owns 56,901 shares of the business services provider's stock valued at $9,126,000 after purchasing an additional 8,201 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Trading Up 0.5%

TRI stock traded up $0.98 during mid-day trading on Tuesday, reaching $196.10. The company's stock had a trading volume of 184,111 shares, compared to its average volume of 539,360. The company has a market cap of $88.34 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The business's 50 day moving average price is $180.04 and its 200 day moving average price is $171.81. 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 12 month low of $150.01 and a 12 month high of $196.57.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. On average, equities research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued 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 1.21%. Thomson Reuters's payout ratio is currently 49.69%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Scotiabank reiterated a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a research report on Friday, May 2nd. Barclays increased their target price on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. CIBC increased their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Bank of America assumed coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $183.70.

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.