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

Assenagon Asset Management S.A. increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,966 shares of the business services provider’s stock after acquiring an additional 1,145 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Thomson Reuters were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP boosted its holdings in Thomson Reuters by 87.4% in the 3rd quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,417 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $4,506,000. Icon Wealth Advisors LLC grew its position in Thomson Reuters by 547.4% in the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after acquiring an additional 6,716 shares during the period. Qsemble Capital Management LP acquired a new stake in Thomson Reuters during the third quarter worth $2,127,000. Finally, Forsta AP Fonden raised its position in Thomson Reuters by 11.8% in the third quarter. Forsta AP Fonden now owns 71,888 shares of the business services provider’s stock valued at $12,276,000 after purchasing an additional 7,600 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $163.28 on Friday. Thomson Reuters Co. has a 52 week low of $148.16 and a 52 week high of $176.03. The firm has a 50 day moving average of $162.62 and a two-hundred day moving average of $165.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $73.48 billion, a PE ratio of 32.14, a P/E/G ratio of 5.18 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted $0.82 earnings per share. Thomson Reuters’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TRI shares. Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company initiated coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price for the company. CIBC boosted their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $176.10.

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.