Point72 Asia Singapore Pte. Ltd. Takes $736,000 Position in Thomson Reuters Co. (NYSE:TRI)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,586 shares of the business services provider's stock, valued at approximately $736,000.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Royal Bank of Canada increased their price objective on Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Scotiabank reissued a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Stock Up 1.4%

TRI stock traded up $2.75 during trading on Monday, hitting $193.98. 342,850 shares of the stock traded hands, compared to its average volume of 425,570. The stock 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 current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $150.01 and a 1 year high of $194.13. The firm's 50 day moving average is $177.26 and its two-hundred day moving average is $170.65.

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

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.

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.