XTX Topco Ltd Sells 5,468 Shares of Thomson Reuters Co. (NYSE:TRI)

XTX Topco Ltd decreased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 80.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,312 shares of the business services provider’s stock after selling 5,468 shares during the quarter. XTX Topco Ltd’s holdings in Thomson Reuters were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $27,000. Atomi Financial Group Inc. increased its stake in shares of Thomson Reuters by 16.1% in the fourth quarter. Atomi Financial Group Inc. now owns 1,819 shares of the business services provider’s stock worth $292,000 after purchasing an additional 252 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Thomson Reuters by 52.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider’s stock worth $185,011,000 after purchasing an additional 395,481 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Thomson Reuters by 26.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock valued at $409,000 after acquiring an additional 526 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Thomson Reuters by 23.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock valued at $958,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI opened at $181.66 on Monday. The company has a market capitalization of $81.82 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $174.26 and a 200 day moving average of $168.64. Thomson Reuters Co. has a twelve month low of $149.85 and a twelve month high of $184.11.

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

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s payout ratio is presently 48.67%.

Analyst Upgrades and Downgrades

TRI has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Bank of America started coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.80.

About Thomson Reuters

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.