Numerai GP LLC Buys Shares of 3,985 Thomson Reuters Co. (NYSE:TRI)

Numerai GP LLC bought a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,985 shares of the business services provider’s stock, valued at approximately $639,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters in the fourth quarter worth about $27,000. Atomi Financial Group Inc. increased its position in Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after buying an additional 252 shares in the last quarter. CIBC Asset Management Inc increased its position in Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after buying an additional 395,481 shares in the last quarter. Park Avenue Securities LLC increased its position in Thomson Reuters by 26.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after buying an additional 526 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Thomson Reuters by 23.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock worth $958,000 after buying an additional 1,145 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Scotiabank restated a “sector perform” rating and issued a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Canaccord Genuity Group upped their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Barclays upped their price target on Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada increased their target price on Thomson Reuters from $182.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of “Hold” and a consensus target price of $183.70.

Thomson Reuters Stock Performance

NYSE:TRI opened at $185.10 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12-month low of $150.01 and a 12-month high of $189.89. The stock has a 50-day moving average price of $176.55 and a 200 day moving average price of $170.25. The stock has a market capitalization of $83.37 billion, a P/E ratio of 37.85, a P/E/G ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 15th. Thomson Reuters’s payout ratio is presently 49.69%.

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.