Arden Trust Co increased its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,517 shares of the business services provider’s stock after acquiring an additional 1,377 shares during the period. Arden Trust Co’s holdings in Thomson Reuters were worth $839,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. RVW Wealth LLC boosted its stake in shares of Thomson Reuters by 150.0% during the 3rd quarter. RVW Wealth LLC now owns 32,682 shares of the business services provider’s stock worth $2,607,000 after purchasing an additional 19,609 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Thomson Reuters by 6.0% during the third quarter. Envestnet Asset Management Inc. now owns 239,292 shares of the business services provider’s stock valued at $19,088,000 after buying an additional 13,541 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Thomson Reuters by 77.1% in the second quarter. Two Sigma Advisers LP now owns 6,376 shares of the business services provider’s stock worth $433,000 after buying an additional 2,776 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $1,970,000. Finally, Toronto Dominion Bank boosted its holdings in Thomson Reuters by 54.6% during the 2nd quarter. Toronto Dominion Bank now owns 975,394 shares of the business services provider’s stock valued at $66,963,000 after acquiring an additional 344,382 shares during the period. 20.02% of the stock is owned by institutional investors and hedge funds.
TRI has been the topic of a number of recent analyst reports. Scotiabank increased their target price on Thomson Reuters from $71.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $79.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. TD Securities upped their target price on shares of Thomson Reuters from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Finally, Zacks Investment Research downgraded shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $86.90.
Shares of TRI stock opened at $82.77 on Friday. The firm has a market cap of $41.11 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 3.51 and a beta of 0.51. Thomson Reuters Co. has a 52-week low of $52.23 and a 52-week high of $83.75. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $78.68 and its 200 day moving average is $71.89.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.06. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. Thomson Reuters had a return on equity of 8.49% and a net margin of 27.01%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. Analysts anticipate that Thomson Reuters Co. will post 1.78 EPS for the current fiscal year.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and business information services to professionals in the United States, Other Americas, Europe, the Middle East, Africa, and the Asia- Pacific. It operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print.
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