Nissay Asset Management Corp Japan Has $5.07 Million Stake in Thomson Reuters Corp $TRI

Nissay Asset Management Corp Japan reduced its holdings in shares of Thomson Reuters Corp (NASDAQ:TRI) by 7.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 62,117 shares of the company’s stock after selling 4,896 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Thomson Reuters were worth $5,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Thomson Reuters by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after purchasing an additional 85,684 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Thomson Reuters by 0.7% in the fourth quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock valued at $616,342,000 after purchasing an additional 33,418 shares during the last quarter. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters in the second quarter valued at $865,442,000. SEG Family Corp. bought a new position in shares of Thomson Reuters in the second quarter valued at about $659,930,000. Finally, Morgan Stanley raised its position in shares of Thomson Reuters by 31.2% in the fourth quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock valued at $369,597,000 after purchasing an additional 665,743 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Trading Down 0.0%

TRI stock opened at $106.22 on Monday. 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 company’s 50-day simple moving average is $95.65 and its 200 day simple moving average is $92.48. 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 $46.27 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm earned $0.87 earnings per share. Thomson Reuters’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thomson Reuters Corp will post 4.45 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.655 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is currently 69.68%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a report on Thursday, August 6th. Scotia lowered their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 6th. Bank of America cut their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Barclays restated an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Finally, Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the stock an “equal weight” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.57.

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.