DekaBank Deutsche Girozentrale Sells 5,898 Shares of Thomson Reuters Co. (NYSE:TRI)

DekaBank Deutsche Girozentrale reduced its holdings in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 16.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,582 shares of the business services provider's stock after selling 5,898 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Thomson Reuters were worth $4,999,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TRI. TD Asset Management Inc lifted its position in Thomson Reuters by 7.9% in the first quarter. TD Asset Management Inc now owns 4,047,773 shares of the business services provider's stock worth $630,534,000 after purchasing an additional 295,301 shares during the period. Cibc World Market Inc. boosted its stake in shares of Thomson Reuters by 26.3% in the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider's stock valued at $223,525,000 after purchasing an additional 276,206 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Thomson Reuters during the second quarter worth $45,514,000. Toronto Dominion Bank increased its stake in Thomson Reuters by 87.1% in the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider's stock valued at $85,136,000 after purchasing an additional 235,145 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Thomson Reuters during the third quarter worth about $29,250,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI stock traded up $1.17 on Friday, reaching $164.81. The stock had a trading volume of 185,497 shares, compared to its average volume of 352,850. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. Thomson Reuters Co. has a 12 month low of $122.78 and a 12 month high of $176.03. The firm's 50-day moving average is $168.86 and its two-hundred day moving average is $166.08. The firm has a market capitalization of $74.14 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 5.60 and a beta of 0.73.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.75 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. Thomson Reuters's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, research analysts expect that Thomson Reuters Co. will post 3.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRI shares. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $168.00 to $171.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 23rd. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $164.00 to $182.00 in a research report on Tuesday, August 27th. National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $173.73.

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.