UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.43 Million Holdings in Thomson Reuters Corp $TRI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 2,206.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,461 shares of the company’s stock after buying an additional 16,704 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Thomson Reuters were worth $1,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $30,000. Timmons Wealth Management LLC purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $42,000. J.Safra Asset Management Corp purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $56,000. Western Wealth Management LLC acquired a new position in Thomson Reuters in the 1st quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. boosted its stake in Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock worth $88,000 after purchasing an additional 607 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 1.7%

Thomson Reuters stock opened at $97.35 on Friday. The firm has a market cap of $42.41 billion, a PE ratio of 25.92, a P/E/G ratio of 1.86 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s 50 day moving average price is $99.67 and its two-hundred day moving average price is $93.53. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $173.79.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. On average, research analysts predict that Thomson Reuters Corp will post 4.48 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 19th. Thomson Reuters’s dividend payout ratio (DPR) is currently 69.68%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRI. Scotiabank reissued a “sector outperform” rating and set a $135.00 target price on shares of Thomson Reuters in a research note on Thursday, August 6th. Bank of America decreased their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Wells Fargo & Company set a $85.00 price target on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Barclays dropped their price target on Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 8th. Finally, Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

Thomson Reuters Profile

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company’s offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.