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 Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,592 shares of the business services provider's stock, valued at approximately $924,000.

Several other large investors have also recently bought and sold shares of TRI. Brighton Jones LLC bought a new position in Thomson Reuters in the 4th quarter valued at about $448,000. Ameriprise Financial Inc. increased its holdings in shares of Thomson Reuters by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock worth $5,683,000 after purchasing an additional 313 shares during the period. Cetera Investment Advisers increased its holdings in shares of Thomson Reuters by 49.2% during the fourth quarter. Cetera Investment Advisers now owns 7,943 shares of the business services provider's stock worth $1,275,000 after purchasing an additional 2,618 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Thomson Reuters by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 208,893 shares of the business services provider's stock worth $33,526,000 after purchasing an additional 676 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of Thomson Reuters by 88.4% during the fourth quarter. Two Sigma Advisers LP now owns 102,019 shares of the business services provider's stock worth $16,362,000 after purchasing an additional 47,868 shares during the period. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Shares of NYSE TRI traded up $0.58 during trading hours on Monday, hitting $163.09. 1,425,767 shares of the stock were exchanged, compared to its average volume of 930,958. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $73.23 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company's fifty day simple moving average is $183.40 and its two-hundred day simple moving average is $185.06. Thomson Reuters Co. has a 1-year low of $151.60 and a 1-year high of $218.42.

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

Thomson Reuters Announces Dividend

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

Analyst Upgrades and Downgrades

TRI has been the topic of several recent research reports. Royal Bank Of Canada lowered their target price on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a report on Thursday, August 7th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and raised their target price for the stock from $275.00 to $285.00 in a report on Thursday, August 28th. Wells Fargo & Company raised shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $187.00 to $212.00 in a report on Tuesday, September 9th. Scotiabank raised shares of Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $188.00 to $200.00 in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group raised their target price on shares of Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Thomson Reuters has an average rating of "Moderate Buy" and an average price target of $202.82.

Thomson Reuters Company 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.