Thomson Reuters Co. (NYSE:TRI) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,821 shares of the business services provider’s stock after buying an additional 641 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Thomson Reuters were worth $823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRI. Wealth Enhancement Advisory Services LLC raised its stake in Thomson Reuters by 16.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,356 shares of the business services provider’s stock valued at $1,146,000 after buying an additional 1,027 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Thomson Reuters by 7.0% during the first quarter. First Trust Direct Indexing L.P. now owns 4,496 shares of the business services provider’s stock valued at $701,000 after purchasing an additional 296 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Thomson Reuters by 1.4% during the first quarter. Commonwealth Equity Services LLC now owns 7,784 shares of the business services provider’s stock valued at $1,213,000 after purchasing an additional 110 shares during the last quarter. Norden Group LLC bought a new position in shares of Thomson Reuters during the first quarter valued at approximately $232,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Thomson Reuters by 5.5% during the first quarter. Janney Montgomery Scott LLC now owns 6,360 shares of the business services provider’s stock valued at $991,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRI shares. Royal Bank of Canada upped their target price on Thomson Reuters from $168.00 to $171.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $164.00 to $182.00 in a report on Tuesday, August 27th. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of $178.10.

Thomson Reuters Stock Performance

TRI opened at $164.78 on Friday. The company has a market capitalization of $74.13 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 5.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. Thomson Reuters Co. has a 1-year low of $122.78 and a 1-year high of $176.03. The business has a 50 day moving average price of $168.83 and a two-hundred day moving average price of $166.27.

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

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.