Thomson Reuters Co. (NYSE:TRI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,626 shares of the business services provider’s stock after selling 469 shares during the quarter. SG Americas Securities LLC’s holdings in Thomson Reuters were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. SkyView Investment Advisors LLC increased its position in shares of Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 66 shares during the last quarter. Signaturefd LLC lifted its position in shares of Thomson Reuters by 1.2% during the 3rd quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock worth $1,288,000 after buying an additional 92 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Thomson Reuters by 5.7% during the third quarter. PDS Planning Inc now owns 2,237 shares of the business services provider’s stock worth $382,000 after purchasing an additional 121 shares during the last quarter. West Family Investments Inc. increased its position in shares of Thomson Reuters by 3.1% during the third quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock worth $719,000 after purchasing an additional 126 shares in the last quarter. Finally, Graypoint LLC lifted its stake in Thomson Reuters by 0.6% in the third quarter. Graypoint LLC now owns 21,289 shares of the business services provider’s stock valued at $3,632,000 after buying an additional 127 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $176.86 on Friday. Thomson Reuters Co. has a 12 month low of $148.71 and a 12 month high of $178.35. The stock’s 50-day moving average is $163.68 and its 200-day moving average is $165.33. The company has a market cap of $79.59 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 5.31 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Equities analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company initiated coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. CIBC lifted their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $176.10.

About Thomson Reuters

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.