Atomi Financial Group Inc. Increases Stock Position in Thomson Reuters Co. (NYSE:TRI)

Atomi Financial Group Inc. grew its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,819 shares of the business services provider’s stock after buying an additional 252 shares during the quarter. Atomi Financial Group Inc.’s holdings in Thomson Reuters were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TRI. Dimensional Fund Advisors LP increased its holdings in shares of Thomson Reuters by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,605 shares of the business services provider’s stock worth $30,954,000 after acquiring an additional 9,571 shares during the period. Marshall Wace LLP acquired a new position in shares of Thomson Reuters in the second quarter worth about $303,000. AQR Capital Management LLC acquired a new stake in shares of Thomson Reuters in the second quarter worth $236,000. APG Asset Management N.V. increased its holdings in shares of Thomson Reuters by 366.1% in the 2nd quarter. APG Asset Management N.V. now owns 28,397 shares of the business services provider’s stock valued at $4,465,000 after purchasing an additional 22,304 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Thomson Reuters by 179.5% during the 2nd quarter. Millennium Management LLC now owns 243,524 shares of the business services provider’s stock valued at $41,033,000 after buying an additional 156,410 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

TRI stock opened at $163.28 on Monday. The stock has a market cap of $73.48 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The stock has a 50-day moving average price of $162.65 and a two-hundred day moving average price of $165.16. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 1 year low of $148.16 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.32%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is 42.52%.

Wall Street Analyst Weigh In

TRI has been the subject of several recent research reports. Scotiabank boosted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company began coverage on Thomson Reuters in a research report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 price objective for the company. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, CIBC upped their target price on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.