Numerai GP LLC Buys Shares of 3,985 Thomson Reuters Co. (NYSE:TRI)

Numerai GP LLC acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,985 shares of the business services provider's stock, valued at approximately $639,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TRI. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters during the 4th quarter valued at $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters during the 4th quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters in the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after buying an additional 136 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRI. Bank of America assumed coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Trading Up 0.8%

Thomson Reuters stock traded up $1.58 during trading hours on Friday, reaching $191.23. The company had a trading volume of 538,637 shares, compared to its average volume of 425,902. 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 Co. has a 12-month low of $150.01 and a 12-month high of $191.42. The firm has a market cap of $86.13 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 5.67 and a beta of 0.75. The company has a 50-day moving average price of $177.26 and a 200 day moving average price of $170.60.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Thomson Reuters's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share 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. This represents a $2.38 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio is currently 49.69%.

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.