Thomson Reuters Co. (NYSE:TRI) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 23.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,966 shares of the business services provider’s stock after purchasing an additional 1,145 shares during the period. Assenagon Asset Management S.A.’s holdings in Thomson Reuters were worth $958,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Asset Dedication LLC grew its holdings in Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares during the period. Clean Yield Group purchased a new stake in Thomson Reuters in the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $47,000. Exchange Traded Concepts LLC increased its holdings in shares of Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 167 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.9 %

Shares of TRI opened at $163.28 on Friday. The stock has a 50 day moving average price of $162.62 and a 200 day moving average price of $165.20. Thomson Reuters Co. has a one year low of $148.16 and a one year high of $176.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $73.48 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 5.18 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities research analysts forecast 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 was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.32%. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Analyst Ratings Changes

Several research firms recently commented on TRI. Scotiabank raised their price target 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. Wells Fargo & Company assumed coverage on Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price on the stock. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. CIBC raised their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada upped their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and an average price target of $176.10.

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.