Marshall Wace LLP Takes $303,000 Position in Thomson Reuters Co. (NYSE:TRI)

Marshall Wace LLP purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,800 shares of the business services provider’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also modified their holdings of TRI. Blair William & Co. IL boosted its holdings in Thomson Reuters by 3.0% in the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock worth $385,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Thomson Reuters by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,430 shares of the business services provider’s stock valued at $1,252,000 after acquiring an additional 74 shares during the period. Sivia Capital Partners LLC boosted its holdings in Thomson Reuters by 4.8% during the second quarter. Sivia Capital Partners LLC now owns 1,646 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 75 shares during the period. Avitas Wealth Management LLC boosted its holdings in Thomson Reuters by 0.4% during the second quarter. Avitas Wealth Management LLC now owns 20,811 shares of the business services provider’s stock valued at $3,508,000 after acquiring an additional 79 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the period. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRI shares. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada dropped their price target on shares of Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $173.45.

Thomson Reuters Trading Up 0.4 %

Shares of NYSE TRI opened at $167.20 on Friday. The company’s fifty day moving average is $167.29 and its 200-day moving average is $164.74. The stock has a market cap of $75.20 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 5.65 and a beta of 0.73. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm posted $0.84 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that Thomson Reuters Co. will post 3.71 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.146 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.58 annualized dividend and a yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.46%.

About Thomson Reuters

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.