Munich Reinsurance Co Stock Corp in Munich Takes $4.29 Million Position in Thomson Reuters Corp $TRI

Key Points

• Munich Re purchased a new stake of 32,282 shares in Thomson Reuters (NASDAQ:TRI), valued at approximately $4.29 million in the fourth quarter per its Form 13F filing.
• Sell‑side analysts have a consensus of "Moderate Buy" on TRI with an average price target of $148.23, reflecting mixed individual target revisions from firms including BMO, Goldman Sachs and JPMorgan.
• Thomson Reuters raised its quarterly dividend to $0.655 (annualized $2.62, ~2.9% yield) and reported quarterly EPS of $1.07, narrowly beating estimates while revenue matched consensus.

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Thomson Reuters Corp (NASDAQ:TRI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,282 shares of the company's stock, valued at approximately $4,292,000.

A number of other large investors also recently made changes to their positions in the stock. UMB Bank n.a. lifted its stake in shares of Thomson Reuters by 21.2% in the 3rd quarter. UMB Bank n.a. now owns 441 shares of the company's stock valued at $69,000 after purchasing an additional 77 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company's stock valued at $39,000 after buying an additional 83 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Thomson Reuters by 0.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company's stock valued at $2,629,000 after buying an additional 100 shares in the last quarter. Griffin Asset Management Inc. increased its position in shares of Thomson Reuters by 0.8% in the 3rd quarter. Griffin Asset Management Inc. now owns 12,281 shares of the company's stock valued at $1,908,000 after buying an additional 100 shares in the last quarter. Finally, Penbrook Management LLC increased its position in shares of Thomson Reuters by 0.4% in the 4th quarter. Penbrook Management LLC now owns 24,948 shares of the company's stock valued at $3,297,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRI. BMO Capital Markets set a $165.00 price objective on shares of Thomson Reuters in a research report on Friday, February 6th. Bank of America increased their target price on Thomson Reuters from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, March 10th. The Goldman Sachs Group set a $111.00 target price on Thomson Reuters and gave the stock a "buy" rating in a report on Saturday, February 7th. Canaccord Genuity Group lowered their target price on Thomson Reuters from $174.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lowered their target price on Thomson Reuters from $160.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.23.

Thomson Reuters Price Performance

Shares of NASDAQ TRI opened at $89.71 on Friday. The stock has a market capitalization of $39.73 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.35 and a beta of 0.83. The business has a 50-day moving average of $93.09 and a 200-day moving average of $118.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. Thomson Reuters Corp has a fifty-two week low of $79.71 and a fifty-two week high of $218.42.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. As a group, sell-side analysts predict that Thomson Reuters Corp will post 4.39 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $0.655 dividend. This is an increase from Thomson Reuters's previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 17th. This represents a $2.62 annualized dividend and a yield of 2.9%. Thomson Reuters's dividend payout ratio (DPR) is 78.68%.

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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