Two Sigma Investments LP Acquires 91,185 Shares of Thomson Reuters Co. (NYSE:TRI)

Two Sigma Investments LP increased its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,729 shares of the business services provider's stock after acquiring an additional 91,185 shares during the period. Two Sigma Investments LP owned approximately 0.07% of Thomson Reuters worth $48,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Thomson Reuters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider's stock valued at $864,195,000 after acquiring an additional 76,382 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after acquiring an additional 516,605 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock valued at $214,236,000 after acquiring an additional 560,450 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Thomson Reuters by 5.5% in the fourth quarter. Bank of America Corp DE now owns 1,182,938 shares of the business services provider's stock valued at $189,720,000 after acquiring an additional 61,235 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after acquiring an additional 395,481 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Securities raised their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. CIBC raised their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Trading Up 0.5%

Shares of NYSE:TRI traded up $0.95 during mid-day trading on Friday, hitting $195.12. The stock had a trading volume of 441,280 shares, compared to its average volume of 429,586. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $87.90 billion, a PE ratio of 39.90, a P/E/G ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $196.27. The company's 50 day moving average is $179.56 and its 200-day moving average is $171.60.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate 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 net margin of 30.45% and a return on equity of 14.62%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.22%. Thomson Reuters's dividend payout ratio is currently 49.69%.

About Thomson Reuters

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.