Mufg Securities Canada LTD. Increases Position in Thomson Reuters Co. (NYSE:TRI)

Mufg Securities Canada LTD. raised its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 72.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,104 shares of the business services provider’s stock after purchasing an additional 86,402 shares during the period. Thomson Reuters accounts for approximately 1.2% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 24th largest holding. Mufg Securities Canada LTD.’s holdings in Thomson Reuters were worth $33,073,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in Thomson Reuters during the fourth quarter valued at approximately $26,000. Curio Wealth LLC purchased a new stake in Thomson Reuters in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new position in shares of Thomson Reuters during the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Thomson Reuters by 60.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 136 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $172.45 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a fifty day moving average of $171.48 and a 200 day moving average of $167.88. The firm has a market cap of $77.68 billion, a PE ratio of 35.27, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a one year low of $149.50 and a one year high of $180.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. As a group, research analysts predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.38%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, February 20th. Thomson Reuters’s payout ratio is presently 48.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRI. Canaccord Genuity Group lifted their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, CIBC boosted their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and an average target price of $177.56.

Thomson Reuters Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.