Marshall Wace LLP Has $9.09 Million Position in Thomson Reuters Co. (NYSE:TRI)

Marshall Wace LLP increased its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 97.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,686 shares of the business services provider’s stock after acquiring an additional 28,043 shares during the quarter. Marshall Wace LLP’s holdings in Thomson Reuters were worth $9,091,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRI. SkyView Investment Advisors LLC boosted its stake in shares of Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares in the last quarter. World Investment Advisors LLC bought a new stake in Thomson Reuters in the third quarter worth approximately $6,649,000. JCIC Asset Management Inc. lifted its position in shares of Thomson Reuters by 1.5% during the 4th quarter. JCIC Asset Management Inc. now owns 26,360 shares of the business services provider’s stock valued at $4,230,000 after acquiring an additional 395 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Thomson Reuters by 23.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock worth $958,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings 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 acquiring an additional 526 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $182.26 on Wednesday. The stock’s fifty day moving average is $173.77 and its 200 day moving average is $168.32. Thomson Reuters Co. has a one year low of $149.80 and a one year high of $184.11. 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 cap of $82.03 billion, a P/E ratio of 37.27, a P/E/G ratio of 5.67 and a beta of 0.70.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. 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 1.31%. Thomson Reuters’s dividend payout ratio is 48.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on TRI. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a “neutral” rating and a $180.00 price target on the stock. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Canaccord Genuity Group lifted their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.80.

Thomson Reuters 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.