Thomson Reuters Co. (NYSE:TRI) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services reduced its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,845 shares of the business services provider’s stock after selling 7,246 shares during the quarter. Thomson Reuters accounts for 1.5% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 21st biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Thomson Reuters were worth $6,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after buying an additional 3,223 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Thomson Reuters by 874.0% in the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock worth $20,351,000 after buying an additional 117,320 shares during the period. &PARTNERS purchased a new position in shares of Thomson Reuters in the second quarter worth approximately $278,000. Quantbot Technologies LP acquired a new stake in shares of Thomson Reuters during the first quarter valued at approximately $610,000. Finally, Forsta AP Fonden lifted its position in shares of Thomson Reuters by 151.2% in the 1st quarter. Forsta AP Fonden now owns 78,588 shares of the business services provider’s stock valued at $12,242,000 after acquiring an additional 47,300 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Up 0.7 %

Shares of Thomson Reuters stock traded up $1.19 during midday trading on Monday, reaching $165.97. 40,456 shares of the company’s stock traded hands, compared to its average volume of 351,382. The company has a market cap of $74.66 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 5.51 and a beta of 0.73. Thomson Reuters Co. has a 52 week low of $127.15 and a 52 week high of $176.03. The company’s 50 day simple moving average is $168.83 and its 200 day simple moving average is $166.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 0.88.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities analysts expect that Thomson Reuters Co. will post 3.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. increased their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada increased their price target on shares of Thomson Reuters from $168.00 to $171.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $175.56.

About Thomson Reuters

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.