China Universal Asset Management Co. Ltd. Purchases Shares of 11,898 Thomson Reuters Co. $TRI

China Universal Asset Management Co. Ltd. acquired a new stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,898 shares of the business services provider’s stock, valued at approximately $1,848,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Curio Wealth LLC lifted its holdings in Thomson Reuters by 16,200.0% in the second quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 162 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at $34,000. AlphaCore Capital LLC purchased a new stake in Thomson Reuters during the second quarter worth $39,000. Cullen Frost Bankers Inc. grew its position in Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after buying an additional 83 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Thomson Reuters in the third quarter valued at $57,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TRI shares. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Friday, February 6th. UBS Group set a $131.50 target price on shares of Thomson Reuters in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. BMO Capital Markets set a $165.00 price objective on Thomson Reuters in a report on Friday, February 6th. Finally, Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a report on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.42.

Thomson Reuters Trading Down 0.6%

NYSE TRI opened at $85.16 on Friday. The firm’s 50-day moving average is $116.74 and its two-hundred day moving average is $143.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. Thomson Reuters Co. has a 12 month low of $81.91 and a 12 month high of $218.42. The stock has a market capitalization of $37.90 billion, a P/E ratio of 17.42, a PEG ratio of 5.67 and a beta of 0.79.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.655 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio is presently 78.68%.

Thomson Reuters Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.