First National Bank of Mount Dora Trust Investment Services Raises Stake in Thomson Reuters Co. (NYSE:TRI)

First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 24.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,611 shares of the business services provider's stock after acquiring an additional 9,448 shares during the quarter. Thomson Reuters accounts for approximately 2.0% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 16th biggest position. First National Bank of Mount Dora Trust Investment Services' holdings in Thomson Reuters were worth $8,226,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after purchasing an additional 4,977,006 shares in the last quarter. Norges Bank acquired a new position in Thomson Reuters in the fourth quarter valued at $148,221,000. Geode Capital Management LLC grew its holdings in shares of Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after purchasing an additional 516,605 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Thomson Reuters by 52.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock valued at $185,011,000 after purchasing an additional 395,481 shares during the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Price Performance

TRI traded down $0.61 on Tuesday, hitting $192.05. 473,785 shares of the company were exchanged, compared to its average volume of 434,948. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $199.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a market capitalization of $86.51 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The business's fifty day moving average is $184.71 and its 200 day moving average is $174.02.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 15th. Thomson Reuters's payout ratio is 49.69%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TRI shares. Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target for the company. Royal Bank of Canada increased their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Scotiabank reissued a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a report on Friday, May 2nd. TD Securities upped their price objective on Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Barclays increased their price objective on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $183.70.

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.