Mufg Securities Canada LTD. Sells 19,700 Shares of Thomson Reuters Corp $TRI

Mufg Securities Canada LTD. trimmed its position in Thomson Reuters Corp (NASDAQ:TRI) by 8.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 204,028 shares of the company’s stock after selling 19,700 shares during the quarter. Mufg Securities Canada LTD.’s holdings in Thomson Reuters were worth $26,931,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at $865,442,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at $659,930,000. Invesco Ltd. lifted its stake in shares of Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares during the period. Norges Bank acquired a new position in shares of Thomson Reuters in the 4th quarter valued at $153,417,000. Finally, First Trust Advisors LP lifted its stake in shares of Thomson Reuters by 312.5% in the 3rd quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock valued at $166,976,000 after purchasing an additional 814,393 shares during the period. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

TRI opened at $81.41 on Monday. The business’s 50-day moving average price is $88.47 and its two-hundred day moving average price is $105.08. Thomson Reuters Corp has a 1 year low of $78.15 and a 1 year high of $218.42. The company has a market capitalization of $35.51 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.21 and a beta of 0.77. 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 earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Equities analysts expect that Thomson Reuters Corp will post 4.44 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. Barclays reissued an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. UBS Group set a $185.74 price target on Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. Argus assumed coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. Finally, Scotiabank set a $138.00 price objective on Thomson Reuters and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Thomson Reuters presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.84.

Thomson Reuters Company 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.