Kestra Private Wealth Services LLC grew its stake in shares of Thomson Reuters Co. (NYSE:TRI – Free Report) (TSE:TRI) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,874 shares of the business services provider’s stock after purchasing an additional 201 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Thomson Reuters were worth $352,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Thomson Reuters by 14.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 620 shares of the business services provider’s stock worth $84,000 after purchasing an additional 77 shares during the last quarter. Advisor OS LLC increased its holdings in shares of Thomson Reuters by 5.2% during the 3rd quarter. Advisor OS LLC now owns 1,730 shares of the business services provider’s stock worth $212,000 after acquiring an additional 86 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Thomson Reuters by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,331 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 93 shares during the period. Financial Advocates Investment Management lifted its holdings in Thomson Reuters by 3.7% during the 3rd quarter. Financial Advocates Investment Management now owns 2,771 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 98 shares during the last quarter. Finally, First Manhattan Co. boosted its position in Thomson Reuters by 2.7% during the fourth quarter. First Manhattan Co. now owns 4,031 shares of the business services provider’s stock worth $460,000 after purchasing an additional 107 shares during the period. Institutional investors own 17.31% of the company’s stock.
Analyst Upgrades and Downgrades
TRI has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Thomson Reuters from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. BMO Capital Markets increased their target price on Thomson Reuters from $192.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Barclays reduced their price target on Thomson Reuters from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. UBS Group initiated coverage on Thomson Reuters in a research report on Tuesday, November 7th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, CIBC boosted their target price on shares of Thomson Reuters from $130.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of “Hold” and an average price target of $149.21.
Thomson Reuters Stock Performance
NYSE:TRI opened at $155.95 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $70.64 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.58 and a beta of 0.65. Thomson Reuters Co. has a twelve month low of $112.84 and a twelve month high of $156.20. The stock’s 50-day simple moving average is $145.61 and its 200 day simple moving average is $134.78.
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.
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