Thomson Reuters Co. (NYSE:TRI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank reduced its holdings in Thomson Reuters by 14.7%, owning 74,904 shares, which are valued at approximately $12.9 million.
• Thomson Reuters reported quarterly earnings of $1.12 per share, exceeding analyst expectations, with a revenue of $1.90 billion, slightly below the consensus estimate of $1.94 billion.
• Wall Street analysts have generally rated Thomson Reuters with a "Hold," with target prices ranging from $178 to $215, indicating a mixed outlook on its stock performance.

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,904 shares of the business services provider's stock after selling 12,864 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Thomson Reuters were worth $12,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TRI. Cullen Frost Bankers Inc. raised its holdings in shares of Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Thomson Reuters in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. raised its holdings in shares of Thomson Reuters by 41.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 236 shares of the business services provider's stock valued at $41,000 after purchasing an additional 69 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Thomson Reuters by 25.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 411 shares of the business services provider's stock valued at $71,000 after purchasing an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Thomson Reuters by 42.8% in the 1st quarter. Fifth Third Bancorp now owns 484 shares of the business services provider's stock valued at $84,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock traded up $0.17 during trading on Friday, reaching $201.08. The company's stock had a trading volume of 1,278,984 shares, compared to its average volume of 824,183. The company has a 50-day moving average price of $199.44 and a two-hundred day moving average price of $183.92. The firm has a market cap of $90.60 billion, a PE ratio of 41.12, a P/E/G ratio of 5.67 and a beta of 0.76. Thomson Reuters Co. has a fifty-two week low of $150.01 and a fifty-two week high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

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

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of analyst reports. National Bankshares reaffirmed an "outperform" rating on shares of Thomson Reuters in a research report on Thursday, July 10th. CIBC lifted their price objective on shares of Thomson Reuters from $174.00 to $201.00 and gave the stock an "outperformer" rating in a research report on Monday, July 21st. TD Securities reaffirmed a "hold" rating on shares of Thomson Reuters in a research report on Tuesday, July 15th. Barclays lifted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Thomson Reuters from $185.00 to $215.00 and gave the stock a "sector perform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $193.00.

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.