Mufg Securities Canada LTD. Has $26.93 Million Holdings in Thomson Reuters Corp $TRI

Mufg Securities Canada LTD. cut its stake in Thomson Reuters Corp (NASDAQ:TRI) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,028 shares of the company’s stock after selling 19,700 shares during the period. Mufg Securities Canada LTD.’s holdings in Thomson Reuters were worth $26,931,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $30,000. Timmons Wealth Management LLC acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $42,000. Montag A & Associates Inc. acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $43,000. J.Safra Asset Management Corp acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $56,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Thomson Reuters by 53.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 614 shares of the company’s stock worth $96,000 after buying an additional 215 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays reissued an “overweight” rating and issued a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Argus initiated coverage on Thomson Reuters in a report on Wednesday, April 22nd. They issued a “hold” rating for the company. Wells Fargo & Company increased their price target on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Bank of America decreased their price target on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. One investment 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. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Price Performance

NASDAQ TRI opened at $81.41 on Monday. The firm has a market cap of $35.51 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.21 and a beta of 0.77. Thomson Reuters Corp has a one year low of $78.15 and a one year high of $218.42. The stock’s 50 day simple moving average is $88.47 and its 200 day simple moving average is $105.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. As a group, sell-side analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is presently 76.16%.

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.