Thomson Reuters Co. (NYSE:TRI) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lowered its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 29.8% during the fourth quarter, HoldingsChannel reports. The firm owned 8,505 shares of the business services provider’s stock after selling 3,612 shares during the period. Magnetar Financial LLC’s holdings in Thomson Reuters were worth $1,364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TRI. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new stake in Thomson Reuters in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters in the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Thomson Reuters by 60.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.5 %

Shares of Thomson Reuters stock opened at $170.09 on Friday. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The business has a 50-day moving average of $170.48 and a two-hundred day moving average of $167.84. The company has a market capitalization of $76.56 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. As a group, equities analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.40%. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research reports. Scotiabank boosted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters currently has an average rating of “Hold” and a consensus price target of $177.56.

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.