Steward Partners Investment Advisory LLC Acquires 254 Shares of Thomson Reuters Co. (NYSE:TRI)

Steward Partners Investment Advisory LLC boosted its holdings in shares of Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) by 24.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,310 shares of the business services provider’s stock after acquiring an additional 254 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Thomson Reuters were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacifica Partners Inc. grew its holdings in Thomson Reuters by 33.4% during the 1st quarter. Pacifica Partners Inc. now owns 599 shares of the business services provider’s stock worth $61,000 after acquiring an additional 150 shares in the last quarter. Larson Financial Group LLC bought a new position in Thomson Reuters during the 4th quarter worth about $78,000. GHP Investment Advisors Inc. bought a new position in Thomson Reuters during the 1st quarter worth about $98,000. AdvisorNet Financial Inc grew its holdings in Thomson Reuters by 260.8% during the 1st quarter. AdvisorNet Financial Inc now owns 1,039 shares of the business services provider’s stock worth $113,000 after acquiring an additional 751 shares in the last quarter. Finally, Addison Advisors LLC bought a new stake in shares of Thomson Reuters in the 1st quarter valued at about $123,000. 21.17% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

TRI opened at $111.43 on Tuesday. Thomson Reuters Co. has a 12-month low of $91.55 and a 12-month high of $123.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $54.28 billion, a PE ratio of 33.16, a P/E/G ratio of 3.37 and a beta of 0.54. The firm has a 50 day moving average of $102.80 and a two-hundred day moving average of $103.18.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last posted its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm posted $0.58 EPS. Thomson Reuters’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Thomson Reuters Co. will post 2.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Tuesday, May 17th. CIBC upgraded shares of Thomson Reuters from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, June 14th. Finally, Barclays lowered their price target on shares of Thomson Reuters from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.88.

About Thomson Reuters

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Thomson Reuters Corporation provides 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.

See Also

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

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