Qsemble Capital Management LP Purchases Shares of 12,465 Thomson Reuters Co. (NYSE:TRI)

Qsemble Capital Management LP bought a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,465 shares of the business services provider's stock, valued at approximately $2,127,000.

Other hedge funds also recently made changes to their positions in the company. TD Asset Management Inc lifted its position in Thomson Reuters by 0.7% during the second quarter. TD Asset Management Inc now owns 4,074,256 shares of the business services provider's stock valued at $686,640,000 after buying an additional 26,483 shares during the period. Fiera Capital Corp lifted its position in Thomson Reuters by 1.0% during the 3rd quarter. Fiera Capital Corp now owns 2,684,883 shares of the business services provider's stock valued at $458,559,000 after acquiring an additional 27,714 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Thomson Reuters by 11.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider's stock worth $439,665,000 after acquiring an additional 255,387 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Thomson Reuters by 9.4% in the second quarter. Clearbridge Investments LLC now owns 1,458,700 shares of the business services provider's stock worth $245,893,000 after purchasing an additional 125,167 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of Thomson Reuters by 26.3% during the second quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock valued at $223,525,000 after purchasing an additional 276,206 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

Shares of TRI traded up $0.07 during trading hours on Tuesday, hitting $160.79. The stock had a trading volume of 580,810 shares, compared to its average volume of 354,059. The firm has a market capitalization of $72.34 billion, a PE ratio of 31.65, a PEG ratio of 5.45 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters Co. has a 12 month low of $138.30 and a 12 month high of $176.03. The stock has a fifty day moving average price of $166.99 and a 200 day moving average price of $167.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $0.82 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.34%. Thomson Reuters's payout ratio is presently 42.52%.

Analyst Ratings Changes

A number of brokerages have recently commented on TRI. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. StockNews.com cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday. JPMorgan Chase & Co. upped 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. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on shares of Thomson Reuters in a research note on Tuesday. They issued an "equal weight" rating and a $165.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $175.20.

Thomson Reuters 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.