Highstreet Asset Management Inc. boosted its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 83.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,774 shares of the business services provider’s stock after acquiring an additional 9,886 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Thomson Reuters Corp were worth $999,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in TRI. Huntington National Bank bought a new position in Thomson Reuters Corp in the second quarter valued at approximately $106,000. ETF Managers Group LLC bought a new position in Thomson Reuters Corp in the second quarter valued at approximately $127,000. Omnia Family Wealth LLC increased its stake in Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 10 shares during the last quarter. Beach Investment Management LLC. bought a new position in Thomson Reuters Corp in the second quarter valued at approximately $203,000. Finally, SG Americas Securities LLC increased its stake in Thomson Reuters Corp by 44.0% in the second quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 1,497 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Thomson Reuters Corp (NYSE TRI) opened at 47.02 on Monday. The firm’s 50 day moving average is $46.33 and its 200-day moving average is $45.42. Thomson Reuters Corp has a 1-year low of $39.39 and a 1-year high of $48.61. The company has a market cap of $33.61 billion, a PE ratio of 11.55 and a beta of 0.75.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.78 billion. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. Equities analysts expect that Thomson Reuters Corp will post $2.45 earnings per share for the current year.
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A number of research analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada lifted their price objective on shares of Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG lifted their price objective on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Morgan Stanley lifted their price objective on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Credit Suisse Group began coverage on shares of Thomson Reuters Corp in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.92.
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.
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