Nissay Asset Management Corp Japan Sells 4,896 Shares of Thomson Reuters Corp $TRI

Nissay Asset Management Corp Japan decreased its position in Thomson Reuters Corp (NASDAQ:TRI) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,117 shares of the company’s stock after selling 4,896 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Thomson Reuters were worth $5,073,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRI. Empowered Funds LLC acquired a new stake in Thomson Reuters in the 4th quarter valued at approximately $30,000. Timmons Wealth Management LLC acquired a new position in Thomson Reuters during the 4th quarter worth approximately $42,000. Montag A & Associates Inc. bought a new position in shares of Thomson Reuters during the 4th quarter worth approximately $43,000. J.Safra Asset Management Corp acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $56,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the first quarter valued at approximately $48,000. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the subject of several recent research reports. Barclays restated an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Scotia lowered their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 6th. Bank of America cut their price target on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Canaccord Genuity Group reduced their price objective on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, TD Securities restated a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.57.

Thomson Reuters Trading Down 0.0%

NASDAQ TRI opened at $106.22 on Monday. Thomson Reuters Corp has a 12 month low of $76.28 and a 12 month high of $180.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $95.65 and a 200-day moving average of $92.48. The company has a market cap of $46.27 billion, a PE ratio of 28.28, a PEG ratio of 1.56 and a beta of 0.75.

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

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.655 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters’s payout ratio is currently 69.68%.

About Thomson Reuters

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.