Thomson Reuters Co. (NYSE:TRI) Shares Acquired by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. lifted its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 72.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 206,104 shares of the business services provider’s stock after purchasing an additional 86,402 shares during the quarter. Thomson Reuters comprises about 1.2% of Mufg Securities Canada LTD.’s holdings, making the stock its 24th largest holding. Mufg Securities Canada LTD.’s holdings in Thomson Reuters were worth $33,073,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TD Asset Management Inc. raised its holdings in shares of Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock worth $764,654,000 after acquiring an additional 516,605 shares during the period. Vanguard Group Inc. raised its stake in Thomson Reuters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,381,842 shares of the business services provider’s stock worth $864,195,000 after purchasing an additional 76,382 shares during the period. Guardian Partners Inc. acquired a new position in Thomson Reuters in the 4th quarter valued at about $3,338,000. Hillsdale Investment Management Inc. grew its stake in shares of Thomson Reuters by 153.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 126,175 shares of the business services provider’s stock valued at $20,238,000 after buying an additional 76,395 shares during the period. Finally, Northwest & Ethical Investments L.P. increased its holdings in shares of Thomson Reuters by 2.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 24,563 shares of the business services provider’s stock worth $3,937,000 after buying an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI stock opened at $172.45 on Wednesday. Thomson Reuters Co. has a 1 year low of $149.50 and a 1 year high of $180.42. The firm has a market capitalization of $77.68 billion, a P/E ratio of 35.27, a P/E/G ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50-day moving average is $171.48 and its two-hundred day moving average is $167.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS 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%. Analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Scotiabank upped their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group lifted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their target price 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. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus 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.