First National Bank of Mount Dora Trust Investment Services Has $6.80 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.4% in the third quarter, Holdings Channel reports. 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 about 1.5% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 21st biggest holding. 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.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Thomson Reuters by 23.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after purchasing an additional 3,223 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Thomson Reuters by 874.0% during the first quarter. Bessemer Group Inc. now owns 130,744 shares of the business services provider’s stock valued at $20,351,000 after buying an additional 117,320 shares during the last quarter. &PARTNERS bought a new stake in shares of Thomson Reuters in the second quarter valued at about $278,000. Quantbot Technologies LP acquired a new stake in Thomson Reuters during the first quarter worth about $610,000. Finally, Forsta AP Fonden increased its stake in Thomson Reuters by 151.2% during the first 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 during the period. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Shares of NYSE TRI traded up $1.19 during mid-day trading on Monday, hitting $165.97. 40,456 shares of the stock were exchanged, compared to its average volume of 351,382. The company has a market cap of $74.66 billion, a P/E ratio of 31.63, a PEG ratio of 5.51 and a beta of 0.73. 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 Co. has a twelve month low of $127.15 and a twelve month high of $176.03. The stock’s fifty day simple moving average is $168.83 and its two-hundred day simple moving average is $166.36.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm 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 revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. As a group, analysts forecast that Thomson Reuters Co. will post 3.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TRI has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $164.00 to $182.00 in a research note on Tuesday, August 27th. 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. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $175.56.

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.