First National Bank of Mount Dora Trust Investment Services Sells 1,682 Shares of Thomson Reuters Co. (NYSE:TRI)

First National Bank of Mount Dora Trust Investment Services reduced its stake in Thomson Reuters Co. (NYSE:TRIFree Report) (TSE:TRI) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,163 shares of the business services provider’s stock after selling 1,682 shares during the period. Thomson Reuters makes up approximately 1.4% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 24th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Thomson Reuters were worth $6,121,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $26,000. Asset Dedication LLC boosted its holdings in shares of Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group acquired a new position in shares of Thomson Reuters in the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters in the 3rd quarter worth approximately $47,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after acquiring an additional 167 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on TRI shares. Scotiabank boosted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. CIBC upped their price objective on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company assumed coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $176.10.

Read Our Latest Report on TRI

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $159.37 on Friday. The firm has a fifty day moving average of $163.22 and a two-hundred day moving average of $165.43. The stock has a market capitalization of $71.71 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 4.89 and a beta of 0.72. Thomson Reuters Co. has a 52 week low of $148.08 and a 52 week high of $176.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, equities research analysts predict that Thomson Reuters Co. will post 3.69 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.36%. Thomson Reuters’s payout ratio is presently 42.52%.

About Thomson Reuters

(Free Report)

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.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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