Magnetar Financial LLC Takes Position in Thomson Reuters Co. $TRI

Magnetar Financial LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 50,421 shares of the business services provider’s stock, valued at approximately $7,832,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Thomson Reuters by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,690,956 shares of the business services provider’s stock valued at $883,680,000 after buying an additional 73,725 shares during the period. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $865,442,000. LCC Family Corp. acquired a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $813,253,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $659,930,000. Finally, Fiera Capital Corp raised its stake in Thomson Reuters by 1.1% in the 2nd quarter. Fiera Capital Corp now owns 2,518,855 shares of the business services provider’s stock valued at $506,211,000 after acquiring an additional 26,588 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the subject of several research reports. Canaccord Genuity Group cut their price target on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 target price on shares of Thomson Reuters and gave the stock an “outperformer” rating in a research note on Friday, January 16th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.42.

Thomson Reuters Stock Performance

TRI opened at $103.70 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The business has a fifty day simple moving average of $108.22 and a 200 day simple moving average of $135.54. Thomson Reuters Co. has a 1 year low of $79.71 and a 1 year high of $218.42. The company has a market capitalization of $46.15 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 5.67 and a beta of 0.81.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the business earned $1.01 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $0.655 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s payout ratio is 78.68%.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.