Mitsubishi UFJ Asset Management Co. Ltd. Makes New $5.59 Million Investment in Thomson Reuters Co. $TRI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 36,009 shares of the business services provider’s stock, valued at approximately $5,593,000.

A number of other institutional investors have also recently made changes to their positions in TRI. Westside Investment Management Inc. purchased a new stake in shares of Thomson Reuters in the second quarter worth about $34,000. AlphaCore Capital LLC purchased a new position in Thomson Reuters during the 2nd quarter valued at approximately $39,000. Cullen Frost Bankers Inc. increased its stake in Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after acquiring an additional 83 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Thomson Reuters by 30.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after acquiring an additional 73 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Thomson Reuters during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Analyst Upgrades and Downgrades

TRI has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. UBS Group set a $131.50 price objective on shares of Thomson Reuters in a research note on Friday, February 6th. Wells Fargo & Company set a $140.00 target price on shares of Thomson Reuters and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $116.00 price target on shares of Thomson Reuters in a report on Friday, February 6th. Finally, Scotiabank reissued an “outperform” rating and set a $156.00 price objective (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Price Performance

TRI stock opened at $99.49 on Tuesday. Thomson Reuters Co. has a 12 month low of $79.71 and a 12 month high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $111.26 and a 200 day moving average price of $138.38. The stock has a market cap of $44.28 billion, a PE ratio of 20.35, a P/E/G ratio of 5.67 and a beta of 0.79.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.655 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio is 78.68%.

About Thomson Reuters

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.