Thomson Reuters Co. (NYSE:TRI) Shares Bought by Man Group plc

Man Group plc increased its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 199,664 shares of the business services provider's stock after purchasing an additional 29,773 shares during the quarter. Man Group plc's holdings in Thomson Reuters were worth $32,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in shares of Thomson Reuters in the fourth quarter worth approximately $26,000. Curio Wealth LLC purchased a new position in shares of Thomson Reuters during the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Thomson Reuters during the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters in the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings 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 worth $58,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

TRI has been the subject of a number of recent analyst reports. TD Securities upped their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. CIBC increased their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Bank of America started coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One 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. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and an average price target of $183.70.

Thomson Reuters Price Performance

Shares of TRI traded up $2.75 during trading hours on Monday, hitting $193.98. 342,850 shares of the stock were exchanged, compared to its average volume of 425,570. The stock's 50-day moving average price is $177.26 and its two-hundred day moving average price is $170.65. The company has a market cap of $87.37 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $194.13.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released 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. 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 for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The firm's revenue was up .8% compared to the same quarter last year. Research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 dividend yield of 1.23%. Thomson Reuters's dividend payout ratio (DPR) 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.