Hexagon Capital Partners LLC Purchases 90 Shares of Thomson Reuters Co. (NYSE:TRI)

Hexagon Capital Partners LLC increased its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 12.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 834 shares of the business services provider’s stock after purchasing an additional 90 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Thomson Reuters were worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Thomson Reuters by 25.7% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after purchasing an additional 78 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in Thomson Reuters by 0.7% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 82 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Thomson Reuters by 5.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 85 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Thomson Reuters by 0.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,979 shares of the business services provider’s stock valued at $1,898,000 after acquiring an additional 100 shares in the last quarter. Finally, Vise Technologies Inc. boosted its position in Thomson Reuters by 2.0% during the 4th quarter. Vise Technologies Inc. now owns 5,428 shares of the business services provider’s stock valued at $794,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

TRI stock traded down $0.50 during midday trading on Monday, reaching $168.07. The stock had a trading volume of 214,760 shares, compared to its average volume of 349,248. The stock has a market cap of $75.57 billion, a PE ratio of 32.01, a P/E/G ratio of 6.44 and a beta of 0.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a fifty day simple moving average of $166.65 and a two-hundred day simple moving average of $156.96. Thomson Reuters Co. has a 52-week low of $117.46 and a 52-week high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. As a group, equities research analysts anticipate that Thomson Reuters Co. will post 3.67 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were given a $0.54 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.29%. Thomson Reuters’s dividend payout ratio (DPR) is presently 40.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRI. Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Canaccord Genuity Group increased their target price on Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Scotiabank increased their target price on Thomson Reuters from $159.00 to $164.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Canaccord Genuity Group raised their price objective on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, CIBC raised their price objective on Thomson Reuters from $152.00 to $156.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Thomson Reuters has an average rating of “Hold” and a consensus price target of $170.64.

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.