Beach Investment Counsel Inc. PA lessened its holdings in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,754 shares of the business services provider’s stock after selling 220 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Thomson Reuters were worth $269,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TRI. CENTRAL TRUST Co increased its holdings in Thomson Reuters by 53.1% in the 3rd quarter. CENTRAL TRUST Co now owns 470 shares of the business services provider’s stock worth $31,000 after buying an additional 163 shares during the period. Northwest Investment Counselors LLC acquired a new position in Thomson Reuters in the 3rd quarter worth approximately $35,000. Executive Wealth Management LLC acquired a new position in Thomson Reuters in the 3rd quarter worth approximately $41,000. Horan Capital Advisors LLC. acquired a new position in Thomson Reuters in the 3rd quarter worth approximately $42,000. Finally, JCIC Asset Management Inc. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $50,000. Institutional investors own 19.13% of the company’s stock.
A number of equities research analysts have recently commented on TRI shares. Zacks Investment Research raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. CIBC reaffirmed a “hold” rating and set a $73.00 price objective on shares of Thomson Reuters in a research note on Friday, December 20th. National Bank Financial set a $93.00 price objective on shares of Thomson Reuters and gave the stock a “hold” rating in a research note on Saturday, November 2nd. Bank of America raised shares of Thomson Reuters from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $70.00 to $82.00 in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $79.50.
Shares of NYSE TRI opened at $81.61 on Friday. Thomson Reuters Corp has a 12 month low of $52.14 and a 12 month high of $82.25. The stock has a market capitalization of $40.72 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50 day simple moving average is $77.39 and its 200-day simple moving average is $70.65.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
Further Reading: Differences Between Momentum Investing and Long Term Investing
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