DRW Securities LLC Takes Position in Thomson Reuters Co. (NYSE:TRI)

DRW Securities LLC acquired a new position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,300 shares of the business services provider’s stock, valued at approximately $1,587,000.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of Thomson Reuters by 23.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock worth $2,612,000 after acquiring an additional 3,223 shares during the last quarter. &PARTNERS bought a new stake in Thomson Reuters during the second quarter valued at about $278,000. Aigen Investment Management LP raised its stake in shares of Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock worth $1,250,000 after buying an additional 3,417 shares during the period. Meridian Wealth Management LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter valued at about $4,506,000. Finally, Toronto Dominion Bank grew its stake in shares of Thomson Reuters by 87.1% during the 2nd quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after acquiring an additional 235,145 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRI shares. JPMorgan Chase & Co. increased their target price 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 increased their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank increased their target price on shares of 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 given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $176.33.

Thomson Reuters Trading Down 0.3 %

Shares of TRI opened at $160.72 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a 1 year low of $138.30 and a 1 year high of $176.03. The company has a 50 day simple moving average of $167.14 and a two-hundred day simple moving average of $167.20. The firm has a market cap of $72.31 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 5.45 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm 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%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. On average, equities analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal 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 $0.54 dividend. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.34%. Thomson Reuters’s dividend payout ratio (DPR) is currently 42.52%.

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.