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

Quantbot Technologies LP raised its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 681.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,746 shares of the business services provider’s stock after acquiring an additional 14,604 shares during the period. Quantbot Technologies LP’s holdings in Thomson Reuters were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Thomson Reuters during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 80 shares during the period. Asset Dedication LLC grew its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after buying an additional 130 shares in the last quarter. Clean Yield Group purchased a new position in Thomson Reuters in the 3rd quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analysts Set New Price Targets

TRI has been the subject of several recent research reports. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $175.20.

Thomson Reuters Stock Up 0.6 %

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 business’s fifty day simple moving average is $166.86 and its 200 day simple moving average is $167.11. Thomson Reuters Co. has a 52 week low of $138.57 and a 52 week high of $176.03. The stock has a market cap of $72.74 billion, a PE ratio of 31.83, a P/E/G ratio of 5.44 and a beta of 0.73.

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

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.34%. Thomson Reuters’s dividend payout ratio is 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.