China Universal Asset Management Co. Ltd. Buys New Stake in Thomson Reuters Co. $TRI

China Universal Asset Management Co. Ltd. purchased a new position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,898 shares of the business services provider’s stock, valued at approximately $1,848,000.

Several other large investors also recently bought and sold shares of TRI. Curio Wealth LLC increased its position in shares of Thomson Reuters by 16,200.0% during the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after purchasing an additional 162 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Thomson Reuters during the 2nd quarter worth approximately $34,000. AlphaCore Capital LLC purchased a new position in Thomson Reuters during the 2nd quarter worth approximately $39,000. Cullen Frost Bankers Inc. increased its position in Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after buying an additional 83 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Thomson Reuters in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

TRI opened at $85.16 on Friday. Thomson Reuters Co. has a 1-year low of $81.91 and a 1-year high of $218.42. The stock has a market cap of $37.90 billion, a P/E ratio of 17.42, a P/E/G ratio of 5.67 and a beta of 0.79. The stock’s 50 day simple moving average is $116.74 and its 200 day simple moving average is $143.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 5th. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $1.01 earnings per share. Thomson Reuters’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio is currently 78.68%.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of recent research reports. Wells Fargo & Company set a $140.00 target price on shares of Thomson Reuters and gave the company an “overweight” rating in a report on Wednesday, February 4th. Canaccord Genuity Group dropped their target price on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Scotiabank reaffirmed 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. Morgan Stanley set a $116.00 price objective on shares of Thomson Reuters in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.