Aigen Investment Management LP Grows Stock Holdings in Thomson Reuters Co. (NYSE:TRI)

Aigen Investment Management LP grew its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 87.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,326 shares of the business services provider’s stock after buying an additional 3,417 shares during the period. Aigen Investment Management LP’s holdings in Thomson Reuters were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Thomson Reuters in the second quarter worth about $25,000. EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Asset Dedication LLC raised its holdings in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after buying an additional 130 shares during the period. Clean Yield Group bought a new stake in Thomson Reuters in the third quarter worth $42,000. Finally, Ashton Thomas Securities LLC purchased a new position in Thomson Reuters during the third quarter worth $47,000. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRI. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $176.33.

Thomson Reuters Stock Down 0.8 %

Shares of TRI traded down $1.43 during mid-day trading on Tuesday, hitting $167.92. The company’s stock had a trading volume of 11,867 shares, compared to its average volume of 352,808. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $168.59 and its 200-day moving average is $167.03. Thomson Reuters Co. has a 52-week low of $130.23 and a 52-week high of $176.03. The firm has a market capitalization of $75.54 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 5.69 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Thomson Reuters’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a yield of 1.29%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.52%.

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.