Thomson Reuters Corp $TRI Shares Bought by UBS Group AG

UBS Group AG raised its stake in Thomson Reuters Corp (NASDAQ:TRIFree Report) by 40.1% in the fourth quarter, HoldingsChannel reports. The fund owned 440,146 shares of the company’s stock after purchasing an additional 125,901 shares during the period. UBS Group AG’s holdings in Thomson Reuters were worth $58,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Thomson Reuters by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after acquiring an additional 85,684 shares during the period. TLT Family Holdco ULC acquired a new position in Thomson Reuters in the second quarter valued at approximately $865,442,000. SEG Family Corp. acquired a new position in Thomson Reuters in the second quarter valued at approximately $659,930,000. Invesco Ltd. lifted its holdings in Thomson Reuters by 461.1% in the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after acquiring an additional 1,851,677 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Thomson Reuters by 47.0% in the third quarter. JPMorgan Chase & Co. now owns 1,264,235 shares of the company’s stock valued at $196,374,000 after acquiring an additional 404,158 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRI. The Goldman Sachs Group set a $111.00 price target on Thomson Reuters and gave the company a “buy” rating in a report on Saturday, February 7th. Wells Fargo & Company set a $87.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, April 14th. BMO Capital Markets set a $165.00 target price on Thomson Reuters in a research note on Friday, February 6th. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a research note on Tuesday, February 10th. Finally, Morgan Stanley set a $116.00 target price on Thomson Reuters in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.23.

Get Our Latest Stock Analysis on Thomson Reuters

Key Thomson Reuters News

Here are the key news stories impacting Thomson Reuters this week:

Thomson Reuters Stock Down 0.3%

NASDAQ TRI opened at $95.43 on Wednesday. The business has a fifty day moving average price of $93.87 and a 200 day moving average price of $116.00. Thomson Reuters Corp has a one year low of $79.71 and a one year high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $41.62 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.40 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRIGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company earned $1.12 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts anticipate that Thomson Reuters Corp will post 4.47 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.7%. Thomson Reuters’s dividend payout ratio (DPR) is 79.88%.

Thomson Reuters Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Thomson Reuters (NASDAQ:TRI)

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