Janus Henderson Group PLC Has $2.33 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Janus Henderson Group PLC cut its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,270 shares of the business services provider’s stock after selling 1,400 shares during the period. Janus Henderson Group PLC’s holdings in Thomson Reuters were worth $2,332,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRI. Ground Swell Capital LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $235,000. Focus Partners Wealth lifted its holdings in Thomson Reuters by 33.5% during the 4th quarter. Focus Partners Wealth now owns 3,784 shares of the business services provider’s stock worth $607,000 after buying an additional 950 shares in the last quarter. Cetera Investment Advisers boosted its position in Thomson Reuters by 49.2% in the 4th quarter. Cetera Investment Advisers now owns 7,943 shares of the business services provider’s stock valued at $1,275,000 after buying an additional 2,618 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Thomson Reuters by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider’s stock valued at $469,000 after buying an additional 115 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of Thomson Reuters by 111.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 186,426 shares of the business services provider’s stock worth $29,899,000 after acquiring an additional 98,441 shares during the last quarter. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Stock Up 1.1%

TRI opened at $196.07 on Wednesday. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $196.27. The firm has a market capitalization of $88.31 billion, a P/E ratio of 40.10, a PEG ratio of 5.67 and a beta of 0.75. The company’s 50-day moving average is $178.24 and its 200 day moving average is $171.03. 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 announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters’s payout ratio is currently 49.69%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRI. Canaccord Genuity Group raised their price target on Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Scotiabank restated a “sector perform” rating and set a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. 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. Wells Fargo & Company lifted their price objective 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. Finally, Barclays upped their target price on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $183.70.

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.