Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 874.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,744 shares of the business services provider’s stock after purchasing an additional 117,320 shares during the period. Bessemer Group Inc.’s holdings in Thomson Reuters were worth $20,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Thomson Reuters by 1.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,990 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Thomson Reuters by 25.7% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after buying an additional 78 shares during the period. Gulf International Bank UK Ltd boosted its holdings in Thomson Reuters by 5.8% in the first quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 85 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Thomson Reuters by 12.1% during the first quarter. Hexagon Capital Partners LLC now owns 834 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 90 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Thomson Reuters by 0.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,979 shares of the business services provider’s stock worth $1,898,000 after acquiring an additional 100 shares during the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Stock Down 0.0 %

Thomson Reuters stock traded down $0.07 during midday trading on Thursday, hitting $163.43. 98,123 shares of the stock were exchanged, compared to its average volume of 366,738. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $176.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $73.49 billion, a P/E ratio of 31.14, a P/E/G ratio of 6.30 and a beta of 0.72. The company has a 50 day moving average price of $168.57 and a two-hundred day moving average price of $159.74.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced 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. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, May 15th. Thomson Reuters’s payout ratio is 40.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TRI shares. Scotiabank lifted their price objective on Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $152.00 to $163.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada upped their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $170.64.

About Thomson Reuters

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.