Thomson Reuters Co. (NYSE:TRI) Position Boosted by Avitas Wealth Management LLC

Avitas Wealth Management LLC raised its holdings in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,283 shares of the business services provider’s stock after acquiring an additional 146 shares during the period. Avitas Wealth Management LLC’s holdings in Thomson Reuters were worth $3,413,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in shares of Thomson Reuters during the fourth quarter valued at $316,000. First Affirmative Financial Network increased its stake in Thomson Reuters by 15.1% during the 4th quarter. First Affirmative Financial Network now owns 2,200 shares of the business services provider’s stock valued at $353,000 after buying an additional 288 shares during the period. Forsta AP Fonden raised its position in shares of Thomson Reuters by 3.5% during the 4th quarter. Forsta AP Fonden now owns 74,388 shares of the business services provider’s stock worth $11,939,000 after buying an additional 2,500 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Thomson Reuters in the 4th quarter worth approximately $186,000. Finally, Griffin Asset Management Inc. boosted its holdings in shares of Thomson Reuters by 4.9% in the fourth quarter. Griffin Asset Management Inc. now owns 6,475 shares of the business services provider’s stock valued at $1,038,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

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

Thomson Reuters Price Performance

TRI stock opened at $168.00 on Wednesday. Thomson Reuters Co. has a one year low of $148.28 and a one year high of $176.03. The firm has a 50-day moving average of $163.40 and a two-hundred day moving average of $165.26. The firm has a market capitalization of $75.60 billion, a PE ratio of 33.07, a P/E/G ratio of 5.31 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly 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. 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 quarter in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, 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.