Jane Street Group LLC Purchases 7,410 Shares of Thomson Reuters Co. (NYSE:TRI)

Jane Street Group LLC grew its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 68.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,211 shares of the business services provider’s stock after purchasing an additional 7,410 shares during the quarter. Jane Street Group LLC’s holdings in Thomson Reuters were worth $2,921,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TRI. Norges Bank acquired a new position in Thomson Reuters in the 4th quarter valued at $148,221,000. Geode Capital Management LLC boosted its position in shares of Thomson Reuters by 74.3% in the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after acquiring an additional 560,450 shares during the period. TD Asset Management Inc. boosted its position in shares of Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after acquiring an additional 516,605 shares during the period. CIBC Asset Management Inc grew 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 valued at $185,011,000 after acquiring an additional 395,481 shares in the last quarter. Finally, AGF Management Ltd. increased its position in Thomson Reuters by 60.7% during the fourth quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider’s stock worth $74,698,000 after acquiring an additional 174,546 shares during the period. Institutional investors own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. StockNews.com cut Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. The Goldman Sachs Group increased their price target on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.70.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $184.26 on Wednesday. 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 Co. has a 52 week low of $150.01 and a 52 week high of $189.89. The stock has a market capitalization of $83.00 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The stock has a fifty day moving average of $176.40 and a 200-day moving average of $170.14.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, sell-side analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.29%. Thomson Reuters’s payout ratio is presently 49.69%.

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.