Thomson Reuters Corp $TRI Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its Thomson Reuters stake by 2,206.6% in the second quarter, bringing its holdings to 17,461 shares valued at approximately $1.43 million. Institutional investors collectively own 17.31% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $131.57, despite recent target-price reductions from Scotia and Barclays.
• Thomson Reuters exceeded quarterly expectations, reporting $0.99 in EPS versus $0.96 expected and $1.93 billion in revenue, up 9.5% year over year. The company also paid a quarterly dividend of $0.655, representing a 2.7% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 2,206.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,461 shares of the company's stock after buying an additional 16,704 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Thomson Reuters were worth $1,426,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Thomson Reuters by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 493,071 shares of the company's stock valued at $65,031,000 after acquiring an additional 46,680 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of Thomson Reuters during the second quarter valued at approximately $38,770,000. Vest Financial LLC raised its holdings in Thomson Reuters by 95.2% during the second quarter. Vest Financial LLC now owns 93,557 shares of the company's stock worth $7,641,000 after purchasing an additional 45,618 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Thomson Reuters by 44,306.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,536 shares of the company's stock worth $12,621,000 after purchasing an additional 154,188 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Thomson Reuters by 0.7% during the fourth quarter. TD Asset Management Inc now owns 4,664,372 shares of the company's stock worth $616,342,000 after purchasing an additional 33,418 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRI shares. TD Securities reaffirmed a "buy" rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Scotia dropped their price objective on Thomson Reuters from $138.00 to $135.00 and set a "sector outperform" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded Thomson Reuters from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 24th. Scotiabank reaffirmed a "sector outperform" rating and set a $135.00 target price on shares of Thomson Reuters in a research note on Thursday, August 6th. Finally, Barclays lowered their target price on Thomson Reuters from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.57.

Thomson Reuters Trading Up 1.7%

Shares of NASDAQ:TRI opened at $97.35 on Friday. The stock has a market capitalization of $42.41 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.86 and a beta of 0.74. Thomson Reuters Corp has a 1-year low of $76.28 and a 1-year high of $173.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50 day moving average price of $99.67 and a 200 day moving average price of $93.53.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. On average, research analysts anticipate that Thomson Reuters Corp will post 4.48 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 19th. Thomson Reuters's payout ratio is presently 69.68%.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company's offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.

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