Mufg Securities Canada LTD. Has $15.11 Million Stake in Thomson Reuters Corp $TRI

Mufg Securities Canada LTD. lowered its holdings in Thomson Reuters Corp (NASDAQ:TRI) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,253 shares of the company’s stock after selling 12,778 shares during the period. Mufg Securities Canada LTD.’s holdings in Thomson Reuters were worth $15,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in shares of Thomson Reuters in the 4th quarter valued at about $30,000. Timmons Wealth Management LLC bought a new stake in Thomson Reuters during the fourth quarter worth about $42,000. Montag A & Associates Inc. bought a new stake in Thomson Reuters during the fourth quarter worth about $43,000. Western Wealth Management LLC acquired a new position in Thomson Reuters during the first quarter valued at approximately $48,000. Finally, J.Safra Asset Management Corp bought a new position in Thomson Reuters in the fourth quarter valued at approximately $56,000. 17.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRI. Scotiabank reaffirmed a “sector outperform” rating and set a $135.00 price target on shares of Thomson Reuters in a research report on Thursday, August 6th. Bank of America lowered their target price on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Scotia decreased their price objective on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group dropped their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.57.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $107.32 on Tuesday. Thomson Reuters Corp has a 52 week low of $76.28 and a 52 week high of $180.00. The company has a market capitalization of $46.75 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.56 and a beta of 0.75. The company has a 50-day simple moving average of $96.27 and a 200 day simple moving average of $92.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51.

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

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.655 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 annualized dividend and a yield of 2.4%. Thomson Reuters’s dividend payout ratio (DPR) is presently 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.