29,100 Shares in Thomson Reuters Co. (NYSE:TRI) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 29,100 shares of the business services provider's stock, valued at approximately $4,905,000.

Other institutional investors also recently modified their holdings of the company. FIL Ltd increased its stake in Thomson Reuters by 9.8% during the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider's stock worth $730,195,000 after acquiring an additional 445,444 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Thomson Reuters by 53.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 969,443 shares of the business services provider's stock valued at $141,752,000 after purchasing an additional 338,896 shares in the last quarter. TD Asset Management Inc lifted its holdings in Thomson Reuters by 7.9% during the first quarter. TD Asset Management Inc now owns 4,047,773 shares of the business services provider's stock worth $630,534,000 after acquiring an additional 295,301 shares during the period. Cibc World Market Inc. increased its stake in shares of Thomson Reuters by 26.3% during the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock worth $223,525,000 after purchasing an additional 276,206 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Thomson Reuters during the second quarter valued at about $45,514,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI traded down $0.43 during midday trading on Monday, reaching $169.33. 122,238 shares of the stock were exchanged, compared to its average volume of 368,066. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.88 and a quick ratio of 0.88. Thomson Reuters Co. has a twelve month low of $117.46 and a twelve month high of $176.03. The business's 50-day moving average price is $166.24 and its 200 day moving average price is $164.14. The company has a market capitalization of $76.15 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 5.79 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. On average, sell-side analysts expect that Thomson Reuters Co. will post 3.71 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.146 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Thursday, August 15th. Thomson Reuters's dividend payout ratio is presently 41.14%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRI shares. Scotiabank upgraded shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. Royal Bank of Canada dropped their target price on shares of Thomson Reuters from $170.00 to $168.00 and set a "sector perform" rating on the stock in a report on Friday, August 2nd. National Bank Financial upgraded shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Thomson Reuters presently has an average rating of "Hold" and a consensus price target of $173.45.

About Thomson Reuters

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.