Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 261.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,540 shares of the business services provider's stock after purchasing an additional 39,470 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Thomson Reuters were worth $8,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters in the 4th quarter valued at $27,000. Atomi Financial Group Inc. grew its holdings in shares of Thomson Reuters by 16.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider's stock worth $292,000 after purchasing an additional 252 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Thomson Reuters by 52.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Thomson Reuters by 26.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock valued at $409,000 after purchasing an additional 526 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Thomson Reuters by 23.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock worth $958,000 after buying an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Price Performance

Shares of NYSE:TRI traded down $1.23 on Friday, reaching $184.51. 1,021,855 shares of the company were exchanged, compared to its average volume of 416,051. The company has a 50-day moving average of $175.08 and a 200-day moving average of $169.22. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market cap of $83.11 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a 1-year low of $150.01 and a 1-year high of $189.89.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued 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. The company had revenue of $1.90 billion during 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 firm's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio is currently 49.69%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRI. Canaccord Genuity Group increased their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday. Barclays raised their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company increased their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has an average rating of "Hold" and an average price target of $181.92.

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.