350,000 Shares in Thomson Reuters Corp $TRI Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc bought a new position in shares of Thomson Reuters Corp (NASDAQ:TRI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 350,000 shares of the company’s stock, valued at approximately $46,198,000.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TRI. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Canaccord Genuity Group lowered their price objective on Thomson Reuters from $176.61 to $131.95 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective for the company in a research report on Tuesday, February 10th. Morgan Stanley set a $117.74 price objective on Thomson Reuters in a research report on Friday, February 6th. Finally, BMO Capital Markets set a $167.47 price objective on Thomson Reuters in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Thomson Reuters has an average rating of “Moderate Buy” and a consensus price target of $144.84.

Thomson Reuters Stock Up 2.4%

Shares of NASDAQ TRI opened at $86.51 on Friday. The stock has a market cap of $37.74 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. Thomson Reuters Corp has a 52-week low of $78.60 and a 52-week high of $218.42. The business has a 50-day moving average price of $89.88 and a 200 day moving average price of $109.08.

Thomson Reuters (NASDAQ:TRI) last announced 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 firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. Equities research analysts forecast that Thomson Reuters Corp will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given 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 3.0%. Thomson Reuters’s dividend payout ratio is 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.