Amundi Buys 72,329 Shares of Thomson Reuters Co. $TRI

Key Points

• Amundi has increased its stake in Thomson Reuters Co. by 22.4%, now holding 395,057 shares worth approximately $69.5 million.
• Thomson Reuters reported $1.81 billion in revenue for the last quarter, exceeding analyst expectations, with earnings per share of $0.87.
• The company declared a quarterly dividend of $0.595, representing a dividend yield of 1.4%, scheduled for payment on September 10th.

Amundi increased its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 22.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 395,057 shares of the business services provider's stock after purchasing an additional 72,329 shares during the period. Amundi owned 0.09% of Thomson Reuters worth $69,494,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its holdings in Thomson Reuters by 772.2% during the 1st 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 in the last quarter. Investment Management Corp VA ADV purchased a new stake in Thomson Reuters during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. lifted its holdings in Thomson Reuters by 41.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock worth $41,000 after purchasing an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Thomson Reuters by 25.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock worth $71,000 after purchasing an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Thomson Reuters by 42.8% during the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock worth $84,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock traded down $0.52 during trading on Friday, hitting $172.99. 617,589 shares of the stock traded hands, compared to its average volume of 896,501. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $77.96 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 5.67 and a beta of 0.74. The firm's fifty day moving average is $187.80 and its 200-day moving average is $185.40. 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 announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Research analysts expect that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.595 per share. The ex-dividend date was Tuesday, August 19th. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. Thomson Reuters's dividend payout ratio is 65.75%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRI. Wells Fargo & Company raised Thomson Reuters from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $187.00 to $212.00 in a report on Tuesday. CIBC raised Thomson Reuters from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 19th. TD Securities raised Thomson Reuters from a "hold" rating to a "buy" rating and raised their price target for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Royal Bank Of Canada lowered their price target 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, Canaccord Genuity Group raised their price target on Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus 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.