Quantbot Technologies LP Purchases 14,604 Shares of Thomson Reuters Co. (NYSE:TRI)

Quantbot Technologies LP boosted its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 681.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,746 shares of the business services provider’s stock after buying an additional 14,604 shares during the period. Quantbot Technologies LP’s holdings in Thomson Reuters were worth $2,857,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TRI. Blair William & Co. IL boosted its position in shares of 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 valued at $385,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Thomson Reuters by 1.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock worth $1,252,000 after buying an additional 74 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Thomson Reuters by 4.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock worth $277,000 after buying an additional 75 shares during the period. Avitas Wealth Management LLC increased its stake 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 acquiring an additional 79 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the period. Institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Scotiabank upped their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus target price of $175.20.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $161.68 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $72.74 billion, a PE ratio of 31.83, a PEG ratio of 5.44 and a beta of 0.73. The stock’s 50 day moving average price is $166.86 and its 200-day moving average price is $167.11. Thomson Reuters Co. has a twelve month low of $138.57 and a twelve month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The business 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. The ex-dividend date is Thursday, November 21st. This represents a $2.16 annualized dividend and a yield of 1.34%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio is presently 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.