Marshall Wace LLP Invests $303,000 in Thomson Reuters Co. (NYSE:TRI)

Marshall Wace LLP purchased a new stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,800 shares of the business services provider’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rothschild Investment LLC acquired a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $28,000 after acquiring an additional 80 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $73,000. Northwest Investment Counselors LLC bought a new stake in shares of Thomson Reuters during the 1st quarter worth approximately $78,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Thomson Reuters during the 1st quarter worth approximately $85,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada decreased their price target on shares of Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of “Hold” and an average target price of $173.45.

Thomson Reuters Stock Up 0.4 %

Thomson Reuters stock opened at $167.20 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $167.29 and its two-hundred day moving average price is $164.74. Thomson Reuters Co. has a 1-year low of $117.46 and a 1-year high of $176.03. The firm has a market capitalization of $75.20 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 5.65 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, equities research analysts predict that Thomson Reuters Co. will post 3.71 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.146 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.58 annualized dividend and a dividend yield of 0.35%. Thomson Reuters’s payout ratio is 41.46%.

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.