Arrowstreet Capital Limited Partnership Raises Position in Thomson Reuters Co. $TRI

Arrowstreet Capital Limited Partnership grew its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 6,317.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 161,197 shares of the business services provider’s stock after acquiring an additional 158,685 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Thomson Reuters were worth $32,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRI. Curio Wealth LLC boosted its position in shares of Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 162 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Thomson Reuters during the 2nd quarter valued at $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Thomson Reuters in the 2nd quarter worth about $37,000. AlphaCore Capital LLC purchased a new stake in shares of Thomson Reuters in the 2nd quarter worth about $39,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Thomson Reuters by 30.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TRI. Canaccord Genuity Group set a $174.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. dropped their price target on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Scotiabank restated an “outperform” rating and issued a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Huber Research upgraded Thomson Reuters to an “overweight” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada dropped their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.27.

Thomson Reuters Stock Down 0.2%

TRI stock opened at $133.42 on Friday. The stock has a market capitalization of $59.35 billion, a P/E ratio of 27.28, a P/E/G ratio of 5.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 1-year low of $131.11 and a 1-year high of $218.42. The business has a fifty day moving average price of $146.60 and a 200-day moving average price of $173.63.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm posted $0.80 earnings per share. Thomson Reuters’s revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th will be paid a $0.595 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.8%. Thomson Reuters’s payout ratio is currently 61.18%.

Thomson Reuters Company 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.