Mitsubishi UFJ Trust & Banking Corp Makes New $4.36 Million Investment in Thomson Reuters Corp $TRI

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) in the 4th quarter, Holdings Channel reports. The institutional investor bought 33,400 shares of the company’s stock, valued at approximately $4,355,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Thomson Reuters by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after purchasing an additional 85,684 shares during the last quarter. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters during the second quarter worth $865,442,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters during the second quarter worth $659,930,000. Invesco Ltd. increased its holdings in shares of Thomson Reuters by 461.1% during the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock worth $349,996,000 after buying an additional 1,851,677 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Thomson Reuters by 47.0% during the third quarter. JPMorgan Chase & Co. now owns 1,264,235 shares of the company’s stock worth $196,374,000 after buying an additional 404,158 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRI has been the subject of several research analyst reports. Scotiabank reiterated an “outperform” rating and set a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a report on Friday, February 6th. Barclays cut their price target on shares of Thomson Reuters from $210.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Argus began coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating on the stock. The Goldman Sachs Group set a $111.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th. Finally, Wells Fargo & Company set a $87.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.23.

Thomson Reuters Price Performance

TRI stock opened at $94.41 on Monday. The stock has a market capitalization of $41.82 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. The company’s 50-day moving average is $93.63 and its 200-day moving average is $116.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. Thomson Reuters Corp has a 1 year low of $79.71 and a 1 year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. Equities research analysts expect that Thomson Reuters Corp will post 4.4 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s payout ratio is 78.68%.

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.