Voloridge Investment Management LLC Has $5.86 Million Holdings in Thomson Reuters Co. (NYSE:TRI)

Voloridge Investment Management LLC lifted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 857.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,558 shares of the business services provider's stock after purchasing an additional 32,738 shares during the quarter. Voloridge Investment Management LLC's holdings in Thomson Reuters were worth $5,863,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Curio Wealth LLC bought a new position in Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters in the 4th quarter valued at $33,000. EverSource Wealth Advisors LLC raised its position in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after purchasing an additional 136 shares during the last quarter. Finally, GeoWealth Management LLC raised its position in Thomson Reuters by 1,306.6% in the 4th quarter. GeoWealth Management LLC now owns 858 shares of the business services provider's stock valued at $138,000 after purchasing an additional 797 shares during the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.6%

Shares of TRI stock traded up $1.17 on Friday, hitting $197.56. 292,749 shares of the stock were exchanged, compared to its average volume of 429,890. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $89.00 billion, a P/E ratio of 40.40, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The business has a 50-day moving average of $181.56 and a 200 day moving average of $172.33. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $198.05.

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

Thomson Reuters Announces Dividend

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 given a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.20%. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Analysts Set New Price Targets

A number of research analysts have issued reports on TRI shares. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. CIBC lifted their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters has an average rating of "Hold" and an average target price 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.