Y Intercept Hong Kong Ltd Takes Position in Thomson Reuters Co. (NYSE:TRI)

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in Thomson Reuters Co., purchasing 3,626 shares valued at approximately $626,000 in the first quarter.
• Several institutional investors have increased their positions in Thomson Reuters, including Cullen Frost Bankers Inc., which boosted its stake by 772.2%.
• The company reported $1.12 EPS for its last quarter, surpassing the consensus estimate by $0.07, while also announcing a quarterly dividend of $0.595.

Y Intercept Hong Kong Ltd bought a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,626 shares of the business services provider's stock, valued at approximately $626,000.

A number of other large investors also recently bought and sold shares of TRI. Rhumbline Advisers lifted its holdings in shares of Thomson Reuters by 1.5% in the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after acquiring an additional 68 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Thomson Reuters by 41.3% in the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after purchasing an additional 69 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares in the last quarter. Sara Bay Financial lifted its stake in Thomson Reuters by 3.3% during the first quarter. Sara Bay Financial now owns 3,275 shares of the business services provider's stock worth $560,000 after purchasing an additional 104 shares in the last quarter. Finally, Spire Wealth Management boosted its position in shares of Thomson Reuters by 5.3% during the first quarter. Spire Wealth Management now owns 2,074 shares of the business services provider's stock worth $358,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Down 1.3%

Shares of TRI traded down $2.67 during midday trading on Monday, reaching $200.78. The stock had a trading volume of 1,555,066 shares, compared to its average volume of 814,795. The company has a market cap of $90.46 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 5.67 and a beta of 0.76. The company's fifty day simple moving average is $198.88 and its two-hundred day simple moving average is $182.73. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $218.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $1.11 EPS. Thomson Reuters's revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.595 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.19%. Thomson Reuters's dividend payout ratio is presently 49.69%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank reissued a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research note on Friday, May 2nd. CIBC boosted their price target on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a research note on Monday, July 21st. Bank of America initiated coverage on shares of Thomson Reuters in a research note on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Wall Street Zen downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada increased their target price on shares of Thomson Reuters from $185.00 to $215.00 and gave the stock a "sector perform" rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Thomson Reuters presently has an average rating of "Hold" and an average price target of $193.00.

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.