Hexagon Capital Partners LLC Buys 90 Shares of Thomson Reuters Co. (NYSE:TRI)

Hexagon Capital Partners LLC increased its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 12.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834 shares of the business services provider’s stock after acquiring an additional 90 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Thomson Reuters were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TRI. Qube Research & Technologies Ltd bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $6,017,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $709,000. Glenmede Trust Co. NA bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $1,084,000. Axxcess Wealth Management LLC grew its position in shares of Thomson Reuters by 257.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 9,037 shares of the business services provider’s stock worth $1,105,000 after buying an additional 6,506 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Thomson Reuters by 6,607,664.7% in the 3rd quarter. Legal & General Group Plc now owns 1,123,320 shares of the business services provider’s stock worth $138,048,000 after buying an additional 1,123,303 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRI. National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Canaccord Genuity Group lifted their price target on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. UBS Group lifted their price target on Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, CIBC lifted their price target on Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $170.64.

Thomson Reuters Stock Down 0.3 %

Shares of TRI stock traded down $0.50 during mid-day trading on Monday, hitting $168.07. The company’s stock had a trading volume of 214,760 shares, compared to its average volume of 349,248. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $176.03. The business has a 50-day moving average price of $166.65 and a 200 day moving average price of $156.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $75.57 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 6.44 and a beta of 0.72.

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

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, May 15th. Thomson Reuters’s dividend payout ratio is currently 40.57%.

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.