Avitas Wealth Management LLC Grows Stake in Thomson Reuters Co. (NYSE:TRI)

Avitas Wealth Management LLC increased its position in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,283 shares of the business services provider’s stock after purchasing an additional 146 shares during the quarter. Avitas Wealth Management LLC’s holdings in Thomson Reuters were worth $3,413,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in Thomson Reuters during the second quarter worth about $303,000. AQR Capital Management LLC acquired a new stake in shares of Thomson Reuters during the second quarter worth $236,000. Sanctuary Advisors LLC acquired a new stake in Thomson Reuters in the 2nd quarter worth about $713,000. SG Americas Securities LLC grew its holdings in Thomson Reuters by 59.6% in the third quarter. SG Americas Securities LLC now owns 2,095 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 782 shares during the period. Finally, Clean Yield Group acquired a new stake in Thomson Reuters during the third quarter worth about $42,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRI shares. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. 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 price objective on the stock. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Scotiabank increased their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Finally, CIBC lifted their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $176.10.

Thomson Reuters Stock Down 0.7 %

Shares of Thomson Reuters stock opened at $168.00 on Wednesday. The stock has a market capitalization of $75.60 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 5.31 and a beta of 0.73. Thomson Reuters Co. has a twelve month low of $148.28 and a twelve month high of $176.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $163.40 and its 200-day simple moving average is $165.26.

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 for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts forecast that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Thomson Reuters 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.