Man Group plc Has $32.04 Million Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Man Group plc lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,664 shares of the business services provider’s stock after acquiring an additional 29,773 shares during the period. Man Group plc’s holdings in Thomson Reuters were worth $32,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TRI. Nuveen Asset Management LLC boosted its stake in Thomson Reuters by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 208,893 shares of the business services provider’s stock worth $33,526,000 after buying an additional 676 shares in the last quarter. Numerai GP LLC acquired a new stake in Thomson Reuters during the fourth quarter worth $639,000. Millennium Management LLC boosted its stake in Thomson Reuters by 32.4% during the fourth quarter. Millennium Management LLC now owns 192,038 shares of the business services provider’s stock worth $30,814,000 after buying an additional 46,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Thomson Reuters by 12.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 183,624 shares of the business services provider’s stock worth $29,452,000 after buying an additional 20,639 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in Thomson Reuters during the fourth quarter worth $235,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TD Securities lifted their price target on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Canaccord Genuity Group lifted their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. Barclays lifted their price objective on Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $183.70.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $189.65 on Friday. The stock has a 50-day simple moving average of $176.87 and a 200 day simple moving average of $170.41. The company has a quick ratio of 0.94, a current ratio of 1.02 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 $190.29. The stock has a market capitalization of $85.42 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 5.67 and a beta of 0.75.

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

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.25%. Thomson Reuters’s dividend payout ratio is currently 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.