111 Capital Makes New Investment in Thomson Reuters Co. $TRI

111 Capital bought a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,001 shares of the business services provider’s stock, valued at approximately $2,019,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Thomson Reuters during the fourth quarter valued at approximately $448,000. AQR Capital Management LLC grew its position in shares of Thomson Reuters by 30.3% during the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after purchasing an additional 3,988 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Thomson Reuters in the first quarter worth $205,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Thomson Reuters in the second quarter worth $206,000. Finally, World Investment Advisors purchased a new stake in shares of Thomson Reuters in the second quarter worth $222,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent analyst reports. Scotiabank restated an “outperform” rating and set a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research report on Friday, February 6th. The Goldman Sachs Group set a $111.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th. BMO Capital Markets set a $165.00 price objective on Thomson Reuters in a report on Friday, February 6th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Friday, February 6th. Finally, Wells Fargo & Company set a $140.00 target price on shares of Thomson Reuters and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.42.

Thomson Reuters Stock Performance

NYSE:TRI opened at $96.41 on Monday. The company has a market capitalization of $42.90 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 5.67 and a beta of 0.79. The business has a 50 day moving average of $111.93 and a 200 day moving average of $138.86. 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 $79.71 and a 1-year high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. On average, sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $0.655 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s payout ratio is presently 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.