Quantbot Technologies LP Invests $4.99 Million in Thomson Reuters Co. $TRI

Quantbot Technologies LP purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 32,113 shares of the business services provider’s stock, valued at approximately $4,988,000.

Other institutional investors have also recently bought and sold shares of the company. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters in the second quarter valued at about $865,442,000. LCC Family Corp. acquired a new stake in Thomson Reuters in the 2nd quarter valued at about $813,253,000. SEG Family Corp. bought a new position in shares of Thomson Reuters in the second quarter worth about $659,930,000. Norges Bank bought a new position in shares of Thomson Reuters in the second quarter worth about $275,036,000. Finally, HRT Financial LP lifted its position in shares of Thomson Reuters by 115.4% during the second quarter. HRT Financial LP now owns 1,388,588 shares of the business services provider’s stock worth $279,286,000 after purchasing an additional 743,923 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Down 3.5%

TRI opened at $96.41 on Friday. The firm’s fifty day moving average is $111.93 and its two-hundred day moving average is $139.08. The firm has a market cap of $42.90 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79. Thomson Reuters Co. has a twelve month low of $79.71 and a twelve month high of $218.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a $0.655 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s payout ratio is presently 78.68%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TRI shares. Morgan Stanley set a $116.00 price target on shares of Thomson Reuters in a report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 target price on Thomson Reuters and gave the company an “outperformer” rating in a research note on Friday, January 16th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Friday, February 6th. Wells Fargo & Company set a $140.00 price objective on Thomson Reuters and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Scotiabank reissued an “outperform” rating and set a $156.00 price objective (down from $189.00) on shares of Thomson Reuters in a report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.