Thomson Reuters Co. $TRI Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 95.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 642 shares of the business services provider’s stock after selling 12,862 shares during the quarter. Plato Investment Management Ltd’s holdings in Thomson Reuters were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $448,000. Principal Financial Group Inc. grew its stake in shares of Thomson Reuters by 2.5% in the first quarter. Principal Financial Group Inc. now owns 20,647 shares of the business services provider’s stock valued at $3,562,000 after buying an additional 500 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Thomson Reuters by 52.9% in the first quarter. Concurrent Investment Advisors LLC now owns 2,207 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 764 shares in the last quarter. Callan Capital LLC acquired a new position in Thomson Reuters during the 1st quarter worth $244,000. Finally, Cerity Partners LLC grew its stake in shares of Thomson Reuters by 56.6% during the first quarter. Cerity Partners LLC now owns 42,146 shares of the business services provider’s stock worth $7,282,000 after purchasing an additional 15,230 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRI. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating and increased their price objective for the company from $275.00 to $285.00 in a report on Thursday, August 28th. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $188.00 to $200.00 in a report on Wednesday, August 6th. Royal Bank Of Canada dropped their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. Finally, National Bankshares reissued an “outperform” rating on shares of Thomson Reuters in a research report on Thursday, July 10th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Thomson Reuters Price Performance

TRI opened at $155.72 on Tuesday. Thomson Reuters Co. has a 12-month low of $149.47 and a 12-month high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $69.55 billion, a P/E ratio of 31.84, a PEG ratio of 5.67 and a beta of 0.74. The stock has a fifty day moving average of $162.93 and a 200-day moving average of $181.90.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. Equities analysts forecast that Thomson Reuters Co. will post 3.89 EPS for the current fiscal 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.