Laurion Capital Management LP Buys Shares of 545,808 Thomson Reuters Corp (TRI)

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Laurion Capital Management LP bought a new position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 545,808 shares of the business services provider’s stock, valued at approximately $24,933,000. Thomson Reuters makes up about 0.2% of Laurion Capital Management LP’s portfolio, making the stock its 21st largest holding.

Other hedge funds have also bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $190,000. Beach Investment Counsel Inc. PA bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $200,000. IFG Advisory LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $205,000. CLARET ASSET MANAGEMENT Corp bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $226,000. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Thomson Reuters during the 2nd quarter worth $202,000. 33.08% of the stock is owned by institutional investors.

Several research firms recently issued reports on TRI. Morgan Stanley set a $53.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price objective on shares of Thomson Reuters in a report on Wednesday, September 5th. Bank of America reaffirmed a “neutral” rating and set a $48.00 price objective on shares of Thomson Reuters in a report on Wednesday, October 10th. Finally, National Bank Financial reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.55.

NYSE:TRI opened at $51.00 on Thursday. The firm has a market cap of $25.75 billion, a P/E ratio of 18.48, a P/E/G ratio of 8.25 and a beta of 0.55. Thomson Reuters Corp has a one year low of $36.52 and a one year high of $51.74. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. As a group, analysts forecast that Thomson Reuters Corp will post 0.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be paid a dividend of $0.35 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio is presently 55.80%.

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Thomson Reuters Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

See Also: What do investors mean by earnings per share?

Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Corp (NYSE:TRI) (TSE:TRI).

Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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