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 lowered its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,163 shares of the business services provider’s stock after selling 1,682 shares during the period. Thomson Reuters comprises 1.4% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 24th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Thomson Reuters were worth $6,121,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TRI. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters in the 4th quarter valued at $26,000. Asset Dedication LLC increased its position 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 valued at $40,000 after buying an additional 130 shares in the last quarter. Clean Yield Group bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at $47,000. Finally, Exchange Traded Concepts LLC increased its holdings in Thomson Reuters by 104.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TRI. Royal Bank of Canada increased their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Scotiabank increased 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. Wells Fargo & Company began coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price for the company. Finally, CIBC increased their target price on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.10.

Thomson Reuters Trading Up 0.8 %

Thomson Reuters stock opened at $159.37 on Friday. The firm has a 50-day moving average of $163.22 and a 200-day moving average of $165.43. Thomson Reuters Co. has a one year low of $148.08 and a one year high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $71.71 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 4.89 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $0.82 EPS. Thomson Reuters’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

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.