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

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRI. Mackenzie Financial Corp raised its holdings in shares of Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after purchasing an additional 4,977,006 shares during the last quarter. Norges Bank acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $148,221,000. Geode Capital Management LLC increased its holdings in Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after buying an additional 560,450 shares during the last quarter. GAMMA Investing LLC increased its holdings in Thomson Reuters by 16,802.9% during the first quarter. GAMMA Investing LLC now owns 116,799 shares of the business services provider's stock worth $20,181,000 after buying an additional 116,108 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Thomson Reuters by 111.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 186,426 shares of the business services provider's stock worth $29,899,000 after buying an additional 98,441 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

TRI traded down $0.43 on Wednesday, hitting $199.77. 946,501 shares of the stock were exchanged, compared to its average volume of 818,109. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $218.42. The business has a 50-day moving average of $199.19 and a two-hundred day moving average of $183.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $90.01 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 5.67 and a beta of 0.76.

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. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share. Thomson Reuters's revenue was up .8% compared to the same quarter last year. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TRI has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted 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. National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th. TD Securities restated a "hold" rating on shares of Thomson Reuters in a report on Tuesday, July 15th. Wells Fargo & Company boosted their target price on shares of Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $193.00.

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.