Marshall Financial Group LLC Buys Shares of 4,592 Thomson Reuters Co. $TRI

Key Points

• Marshall Financial Group LLC has invested approximately $924,000 in Thomson Reuters Co. by acquiring 4,592 shares in the second quarter.
• Thomson Reuters reported earnings per share of $0.87 in its last quarterly results, surpassing expectations of $0.83.
• The company's consensus rating is a "Moderate Buy" with a target price of $202.82 following recent analyst upgrades.

Marshall Financial Group LLC purchased a new stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,592 shares of the business services provider's stock, valued at approximately $924,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. lifted its position in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after purchasing an additional 139 shares during the period. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. boosted its holdings in Thomson Reuters by 41.3% during the first quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after buying an additional 69 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Thomson Reuters by 25.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after buying an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Thomson Reuters by 42.8% during the first quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Thomson Reuters Price Performance

Shares of NYSE:TRI traded up $1.90 during trading on Friday, reaching $162.51. 3,543,516 shares of the company traded hands, compared to its average volume of 928,229. The company's 50 day moving average is $184.42 and its two-hundred day moving average is $185.03. The firm has a market capitalization of $73.24 billion, a PE ratio of 33.23, a PEG ratio of 5.67 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52 week low of $151.60 and a 52 week high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, sell-side analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 65.75%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several recent analyst reports. Wells Fargo & Company upgraded Thomson Reuters from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $187.00 to $212.00 in a report on Tuesday, September 9th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and boosted their target price for the stock from $275.00 to $285.00 in a report on Thursday, August 28th. CIBC raised Thomson Reuters from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 19th. Royal Bank Of Canada decreased their target price on Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a report on Thursday, August 7th. Finally, Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $188.00 to $200.00 in a report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $202.82.

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.