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

Two Sigma Investments LP grew its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,729 shares of the business services provider's stock after purchasing an additional 91,185 shares during the quarter. Two Sigma Investments LP owned approximately 0.07% of Thomson Reuters worth $48,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TRI. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the 4th quarter worth $27,000. Atomi Financial Group Inc. lifted its position in shares of Thomson Reuters by 16.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock worth $292,000 after purchasing an additional 252 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after purchasing an additional 395,481 shares during the period. Park Avenue Securities LLC boosted its stake in Thomson Reuters by 26.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock valued at $409,000 after purchasing an additional 526 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Thomson Reuters by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock valued at $958,000 after buying an additional 1,145 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

NYSE:TRI opened at $193.98 on Tuesday. 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 50-day moving average of $177.72 and a 200-day moving average of $170.86. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $194.14. The company has a market capitalization of $87.37 billion, a price-to-earnings ratio of 39.67, a PEG ratio of 5.67 and a beta of 0.75.

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

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio is 49.69%.

Wall Street Analysts Forecast Growth

TRI has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Bank of America started coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price for the company. TD Securities increased their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. The Goldman Sachs Group boosted their price objective 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. Finally, Barclays upped their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Company 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.

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