First National Bank Of Mount Dora Trust Investment Services buys $3.9 Million stake in Thomson Reuters Corp (TRI)

Thomson Reuters Corp (TRI) : First National Bank Of Mount Dora Trust Investment Services scooped up 10,260 additional shares in Thomson Reuters Corp during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 96,295 shares of Thomson Reuters Corp which is valued at $3.9 Million.Thomson Reuters Corp makes up approximately 2.30% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

On the company’s financial health, Thomson Reuters Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.58. The company had revenue of $3148.00 million for the quarter, compared to analysts expectations of $3175.68 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Thomson Reuters Corp. Shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $41 .Thomson Reuters Corp was Downgraded by BofA/Merrill to ” Neutral” on Jan 7, 2016.

Thomson Reuters Corp opened for trading at $40.15 and hit $40.76 on the upside on Monday, eventually ending the session at $40.39, with a gain of 1.05% or 0.42 points. The heightened volatility saw the trading volume jump to 10,11,767 shares. Company has a market cap of $30,570 M.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk Legal Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news information and analytics enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information decision tools software and services that support legal investigation business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information software and services for professionals in accounting firms corporations law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information decision support tools and services.

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