Thomson Reuters Co. (NYSE:TRI) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,990 shares of the business services provider’s stock after acquiring an additional 70 shares during the period. Assenagon Asset Management S.A.’s holdings in Thomson Reuters were worth $622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in Thomson Reuters by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock worth $897,000 after buying an additional 93 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Thomson Reuters by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 35,053 shares of the business services provider’s stock worth $4,308,000 after acquiring an additional 500 shares during the period. Advisor OS LLC lifted its position in Thomson Reuters by 5.2% in the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 86 shares during the last quarter. Signaturefd LLC boosted its stake in Thomson Reuters by 4.0% during the 3rd quarter. Signaturefd LLC now owns 6,915 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 263 shares during the period. Finally, Syon Capital LLC bought a new position in Thomson Reuters in the 3rd quarter worth about $535,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. Canaccord Genuity Group boosted their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on Thomson Reuters from $152.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Canaccord Genuity Group raised their price target on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Scotiabank upped their price objective on shares of Thomson Reuters from $159.00 to $164.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Finally, National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 23rd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $164.31.

Thomson Reuters Price Performance

Thomson Reuters stock traded down $0.47 during mid-day trading on Wednesday, hitting $172.63. The company’s stock had a trading volume of 360,789 shares, compared to its average volume of 322,143. The stock has a market capitalization of $77.91 billion, a P/E ratio of 33.08, a P/E/G ratio of 4.59 and a beta of 0.65. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $174.55. The stock’s fifty day moving average price is $158.07 and its two-hundred day moving average price is $150.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts forecast that Thomson Reuters Co. will post 3.67 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, May 15th. Thomson Reuters’s dividend payout ratio is 41.14%.

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.