Thomson Reuters Corp (TRI) is First National Bank of Mount Dora Trust Investment Services’ 9th Largest Position
First National Bank of Mount Dora Trust Investment Services lifted its stake in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 118,830 shares of the business services provider’s stock after acquiring an additional 4,875 shares during the quarter. Thomson Reuters Corp accounts for 2.7% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 9th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Thomson Reuters Corp were worth $5,452,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of TRI. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter worth approximately $106,000. ETF Managers Group LLC acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter worth approximately $127,000. Omnia Family Wealth LLC lifted its holdings in shares of Thomson Reuters Corp by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after acquiring an additional 10 shares during the last quarter. Beach Investment Management LLC. acquired a new position in shares of Thomson Reuters Corp in the 2nd quarter worth approximately $203,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of Thomson Reuters Corp in the 1st quarter worth approximately $216,000. Hedge funds and other institutional investors own 26.14% of the company’s stock.
Shares of Thomson Reuters Corp (NYSE TRI) traded down 0.98% during midday trading on Wednesday, hitting $47.59. 313,555 shares of the company’s stock were exchanged. The stock has a market cap of $34.61 billion, a PE ratio of 11.51 and a beta of 0.75. The stock’s 50 day moving average is $45.76 and its 200-day moving average is $45.13. Thomson Reuters Corp has a 1-year low of $39.23 and a 1-year high of $48.57.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that Thomson Reuters Corp will post $2.45 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on TRI shares. BidaskClub upgraded shares of Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research lowered shares of Thomson Reuters Corp from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 target price (up from $48.00) on shares of Thomson Reuters Corp in a report on Tuesday, July 18th. TD Securities reduced their target price on shares of Thomson Reuters Corp from $65.00 to $61.00 and set a “hold” rating on the stock in a report on Thursday, July 20th. Finally, Royal Bank Of Canada set a $45.00 target price on shares of Thomson Reuters Corp and gave the stock a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.67.
Thomson Reuters Corp Company Profile
Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
Want to see what other hedge funds are holding TRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thomson Reuters Corp (NYSE:TRI) (TSE:TRI).
Receive News & Stock Ratings for Thomson Reuters Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters Corp and related stocks with our FREE daily email newsletter.