Thomson Reuters Co. (NYSE:TRI) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lowered its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,505 shares of the business services provider’s stock after selling 3,612 shares during the period. Magnetar Financial LLC’s holdings in Thomson Reuters were worth $1,364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in Thomson Reuters in the fourth quarter valued at $26,000. Curio Wealth LLC purchased a new position in Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the fourth quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Thomson Reuters by 60.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after buying an additional 136 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on TRI shares. CIBC increased their target price on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $177.56.

Thomson Reuters Stock Performance

TRI stock opened at $170.09 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The stock’s fifty day moving average is $170.48 and its two-hundred day moving average is $167.84.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a dividend of $0.595 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s payout ratio is currently 48.67%.

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.