Schonfeld Strategic Advisors LLC Purchases 39,470 Shares of Thomson Reuters Co. (NYSE:TRI)

Schonfeld Strategic Advisors LLC boosted its position in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 261.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,540 shares of the business services provider's stock after buying an additional 39,470 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Thomson Reuters were worth $8,747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRI. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at about $26,000. Curio Wealth LLC acquired a new stake in Thomson Reuters during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters in the fourth quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC increased its position in Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock worth $58,000 after acquiring an additional 136 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

NYSE:TRI traded up $0.18 during trading on Tuesday, reaching $185.92. The company's stock had a trading volume of 90,347 shares, compared to its average volume of 537,480. The firm has a market cap of $83.74 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a 12 month low of $150.01 and a 12 month high of $189.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a 50 day moving average of $175.26 and a 200-day moving average of $169.34.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business posted $1.11 earnings per share. Research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRI. TD Securities lifted their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Scotiabank reissued a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday. StockNews.com downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday. CIBC lifted their price target on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. Finally, Bank of America began coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Thomson Reuters has a consensus rating of "Hold" and a consensus price target of $183.70.

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.