Point72 Hong Kong Ltd Has $198,000 Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Point72 Hong Kong Ltd decreased its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 94.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,237 shares of the business services provider's stock after selling 20,938 shares during the period. Point72 Hong Kong Ltd's holdings in Thomson Reuters were worth $198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRI. Norges Bank bought a new position in Thomson Reuters in the 4th quarter worth about $148,221,000. Geode Capital Management LLC lifted its stake in shares of Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after acquiring an additional 560,450 shares during the period. TD Asset Management Inc. lifted its stake in shares of Thomson Reuters by 12.2% in the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after acquiring an additional 516,605 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after acquiring an additional 395,481 shares during the period. Finally, AGF Management Ltd. lifted its stake in shares of Thomson Reuters by 60.7% in the 4th quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider's stock worth $74,698,000 after acquiring an additional 174,546 shares during the period. Institutional investors own 17.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRI shares. Scotiabank reaffirmed a "sector perform" rating and issued a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. Canaccord Genuity Group upped their price target on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. TD Securities upped their price target on Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a report 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Stock Performance

NYSE:TRI traded up $2.09 during midday trading on Tuesday, reaching $196.07. The stock had a trading volume of 817,369 shares, compared to its average volume of 427,907. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $196.48. The firm's fifty day simple moving average is $177.72 and its 200-day simple moving average is $170.86. 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 stock has a market capitalization of $88.31 billion, a P/E ratio of 40.10, a PEG ratio of 5.67 and a beta of 0.75.

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, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business posted $1.11 EPS. Thomson Reuters's revenue was up .8% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) 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.