Man Group plc Has $32.04 Million Position in Thomson Reuters Co. (NYSE:TRI)

Man Group plc raised its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 17.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 199,664 shares of the business services provider’s stock after purchasing an additional 29,773 shares during the quarter. Man Group plc’s holdings in Thomson Reuters were worth $32,037,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Nuveen Asset Management LLC grew its position in shares of Thomson Reuters by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 208,893 shares of the business services provider’s stock worth $33,526,000 after buying an additional 676 shares during the period. Numerai GP LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $639,000. Millennium Management LLC grew its position in shares of Thomson Reuters by 32.4% during the 4th quarter. Millennium Management LLC now owns 192,038 shares of the business services provider’s stock worth $30,814,000 after buying an additional 46,940 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Thomson Reuters by 12.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 183,624 shares of the business services provider’s stock worth $29,452,000 after buying an additional 20,639 shares during the period. Finally, Ground Swell Capital LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth about $235,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRI. Scotiabank reiterated a “sector perform” rating and issued a $188.00 price objective on shares of Thomson Reuters in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Bank of America began coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a “neutral” rating and a $180.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.70.

Thomson Reuters Trading Up 2.5%

NYSE TRI opened at $189.65 on Friday. The stock has a market capitalization of $85.42 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 5.67 and a beta of 0.75. The stock’s 50 day moving average price is $176.87 and its two-hundred day moving average price is $170.41. 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 $190.29.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters’s dividend payout ratio is currently 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.