Thomson Reuters Co. (NYSE:TRI) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 87.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,326 shares of the business services provider’s stock after purchasing an additional 3,417 shares during the period. Aigen Investment Management LP’s holdings in Thomson Reuters were worth $1,250,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Blair William & Co. IL grew its stake in Thomson Reuters by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after buying an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Thomson Reuters by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock worth $1,252,000 after acquiring an additional 74 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares in the last quarter. Avitas Wealth Management LLC raised its position in shares of Thomson Reuters by 0.4% in the 2nd quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after purchasing an additional 79 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on TRI shares. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, Scotiabank lifted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $176.33.

Thomson Reuters Stock Performance

Shares of TRI stock traded down $1.43 on Tuesday, hitting $167.92. The company had a trading volume of 11,867 shares, compared to its average volume of 352,808. Thomson Reuters Co. has a twelve month low of $130.23 and a twelve month high of $176.03. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $75.54 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 5.69 and a beta of 0.73. The company has a 50-day moving average price of $168.59 and a 200-day moving average price of $167.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is currently 42.52%.

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.