741 Shares in Thomson Reuters Co. (NYSE:TRI) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 741 shares of the business services provider’s stock, valued at approximately $110,000.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in Thomson Reuters during the 3rd quarter valued at about $27,000. FinTrust Capital Advisors LLC bought a new stake in Thomson Reuters during the 3rd quarter valued at about $28,000. Pacifica Partners Inc. lifted its holdings in Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after buying an additional 149 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Thomson Reuters during the 4th quarter valued at about $37,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Thomson Reuters during the 4th quarter valued at about $38,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

Shares of NYSE TRI opened at $154.40 on Monday. The company’s fifty day moving average price is $155.53 and its 200 day moving average price is $145.59. Thomson Reuters Co. has a 1 year low of $117.46 and a 1 year high of $161.57. The company has a market capitalization of $69.70 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 4.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 0.90.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, research analysts predict that Thomson Reuters Co. will post 3.58 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a yield of 1.40%. Thomson Reuters’s dividend payout ratio is 36.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. National Bank Financial upgraded shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $153.00 price target on shares of Thomson Reuters in a report on Wednesday, March 13th. Scotiabank boosted their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. TD Securities boosted their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. Finally, Barclays upgraded shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $157.42.

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.