Mufg Securities Canada LTD. Has $15.11 Million Stake in Thomson Reuters Corp $TRI

Mufg Securities Canada LTD. reduced its stake in Thomson Reuters Corp (NASDAQ:TRI) by 6.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 185,253 shares of the company’s stock after selling 12,778 shares during the quarter. Mufg Securities Canada LTD.’s holdings in Thomson Reuters were worth $15,107,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Thomson Reuters by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 493,071 shares of the company’s stock worth $65,031,000 after buying an additional 46,680 shares in the last quarter. Alberta Investment Management Corp bought a new position in Thomson Reuters in the 2nd quarter valued at about $38,770,000. Vest Financial LLC raised its position in shares of Thomson Reuters by 95.2% in the 2nd quarter. Vest Financial LLC now owns 93,557 shares of the company’s stock valued at $7,641,000 after buying an additional 45,618 shares in the last quarter. TD Asset Management Inc raised its position in Thomson Reuters by 0.7% during the fourth quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock valued at $616,342,000 after purchasing an additional 33,418 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Thomson Reuters by 37.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,968 shares of the company’s stock worth $40,578,000 after buying an additional 122,625 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI opened at $107.32 on Tuesday. Thomson Reuters Corp has a 1 year low of $76.28 and a 1 year high of $180.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s fifty day moving average price is $96.27 and its two-hundred day moving average price is $92.58. The firm has a market cap of $46.75 billion, a PE ratio of 28.57, a PEG ratio of 1.56 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters Corp will post 4.45 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 69.68%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank reissued a “sector outperform” rating and set a $135.00 price objective on shares of Thomson Reuters in a report on Thursday, August 6th. Barclays reiterated an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. Canaccord Genuity Group dropped their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.57.

Thomson Reuters Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real?time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.