Susquehanna Fundamental Investments LLC Makes New Investment in Thomson Reuters Co. (NYSE:TRI)

Susquehanna Fundamental Investments LLC purchased a new stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,200 shares of the business services provider's stock, valued at approximately $3,240,000.

Several other institutional investors have also recently made changes to their positions in TRI. Decker Retirement Planning Inc. bought a new stake in Thomson Reuters during the 4th quarter valued at $26,000. Curio Wealth LLC bought a new stake in shares of Thomson Reuters during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters in the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the 4th quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider's stock valued at $58,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of NYSE:TRI traded down $1.23 during mid-day trading on Friday, reaching $184.51. The company had a trading volume of 1,021,855 shares, compared to its average volume of 416,865. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $189.89. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is $175.08 and its 200-day moving average price is $169.21. The firm has a market cap of $83.11 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 5.67 and a beta of 0.75.

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

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Analyst Upgrades and Downgrades

TRI has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Barclays increased their price target on Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. CIBC raised their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $181.92.

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.