ProShare Advisors LLC Makes New $75.84 Million Investment in Thomson Reuters Co. $TRI

ProShare Advisors LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 488,245 shares of the business services provider’s stock, valued at approximately $75,839,000.

A number of other hedge funds have also recently made changes to their positions in TRI. Brighton Jones LLC purchased a new position in Thomson Reuters in the 4th quarter worth approximately $448,000. AQR Capital Management LLC raised its position in shares of Thomson Reuters by 30.3% during the first quarter. AQR Capital Management LLC now owns 17,152 shares of the business services provider’s stock valued at $2,964,000 after buying an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Thomson Reuters in the first quarter worth $205,000. Ameritas Advisory Services LLC purchased a new position in shares of Thomson Reuters in the second quarter worth $37,000. Finally, DAVENPORT & Co LLC boosted its position in shares of Thomson Reuters by 3.6% during the second quarter. DAVENPORT & Co LLC now owns 2,362 shares of the business services provider’s stock worth $474,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Up 1.4%

Shares of NYSE TRI opened at $89.31 on Tuesday. Thomson Reuters Co. has a 1-year low of $85.02 and a 1-year high of $218.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50 day moving average is $123.96 and its two-hundred day moving average is $148.88. The stock has a market capitalization of $39.74 billion, a P/E ratio of 18.26, a PEG ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 5th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, research analysts expect 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 will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Scotiabank reiterated an “outperform” rating and issued a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a report on Friday. BMO Capital Markets set a $165.00 target price on Thomson Reuters in a report on Friday. UBS Group set a $131.50 price target on Thomson Reuters in a research note on Friday. Royal Bank Of Canada upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group set a $111.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a report on Saturday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Company 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.