Mitsubishi UFJ Trust & Banking Corp Invests $4.36 Million in Thomson Reuters Corp $TRI

Key Points

• Mitsubishi UFJ Trust & Banking Corp opened a new position in Thomson Reuters (NASDAQ: TRI) in Q4, buying 33,400 shares worth about $4.36 million.
• Thomson Reuters raised its quarterly dividend to $0.655 (from $0.60), equal to a $2.62 annualized payout and roughly a 2.8% yield with a payout ratio near 78.7%.
• Analyst sentiment is mixed but tilted positive: MarketBeat shows a consensus of "Moderate Buy" with an average target of $148.23, though several firms have recently cut targets (e.g., Canaccord to $130, JPMorgan to $100).

Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Thomson Reuters Corp (NASDAQ:TRI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,400 shares of the company's stock, valued at approximately $4,355,000.

A number of other institutional investors also recently made changes to their positions in TRI. Cullen Frost Bankers Inc. boosted its holdings in shares of Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company's stock worth $39,000 after acquiring an additional 83 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Thomson Reuters by 100.0% during the third quarter. Westside Investment Management Inc. now owns 338 shares of the company's stock worth $52,000 after acquiring an additional 169 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Thomson Reuters during the third quarter worth approximately $57,000. UMB Bank n.a. boosted its holdings in shares of Thomson Reuters by 21.2% during the third quarter. UMB Bank n.a. now owns 441 shares of the company's stock worth $69,000 after acquiring an additional 77 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Thomson Reuters by 22.8% in the third quarter. Nisa Investment Advisors LLC now owns 609 shares of the company's stock valued at $95,000 after buying an additional 113 shares during the period. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of TRI stock opened at $94.41 on Monday. The stock has a 50 day simple moving average of $93.63 and a 200 day simple moving average of $116.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters Corp has a 1 year low of $79.71 and a 1 year high of $218.42. The stock has a market cap of $41.82 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. On average, research analysts predict that Thomson Reuters Corp will post 4.4 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.655 per share. The ex-dividend date was Tuesday, February 17th. This is a boost from Thomson Reuters's previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 2.8%. Thomson Reuters's dividend payout ratio is currently 78.68%.

Analyst Ratings Changes

TRI has been the subject of several recent research reports. Canaccord Genuity Group cut their price target on Thomson Reuters from $174.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, February 4th. Scotiabank reiterated an "outperform" rating and issued a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th. Royal Bank Of Canada upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating and set a $126.00 price target for the company in a research note on Tuesday, February 10th. Argus initiated coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They issued a "hold" rating for the company. Finally, JPMorgan Chase & Co. cut their price target on Thomson Reuters from $160.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $148.23.

Thomson Reuters Company Profile

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.

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