Mufg Securities Canada LTD. Boosts Stake in Thomson Reuters Co. (NYSE:TRI)

Mufg Securities Canada LTD. boosted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 72.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,104 shares of the business services provider's stock after buying an additional 86,402 shares during the quarter. Thomson Reuters makes up about 1.2% of Mufg Securities Canada LTD.'s holdings, making the stock its 24th biggest holding. Mufg Securities Canada LTD.'s holdings in Thomson Reuters were worth $33,073,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRI. Strategic Investment Advisors MI raised its stake in shares of Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after acquiring an additional 62 shares during the last quarter. NewSquare Capital LLC increased its holdings in Thomson Reuters by 1.5% during the 4th quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after purchasing an additional 62 shares during the period. Pacer Advisors Inc. raised its position in Thomson Reuters by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock valued at $192,000 after purchasing an additional 64 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in Thomson Reuters by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock worth $722,000 after buying an additional 66 shares during the period. Finally, Addison Advisors LLC grew its position in shares of Thomson Reuters by 5.7% in the 4th quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on TRI. Wells Fargo & Company raised their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Wednesday. Scotiabank increased their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group lifted their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $177.56.

Thomson Reuters Stock Down 1.0 %

TRI traded down $1.67 during trading on Friday, hitting $171.01. 319,716 shares of the company's stock traded hands, compared to its average volume of 373,907. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 12-month low of $149.50 and a 12-month high of $180.42. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 5.67 and a beta of 0.70. The company's 50 day simple moving average is $172.29 and its two-hundred day simple moving average is $167.94.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.39%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's payout ratio is presently 48.67%.

Thomson Reuters Company 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.