Scotia Capital Trimmed Thomson Reuters (TRI) Position by $502,740 as Stock Price Declined; As Facebook (FB) Stock Rose, Ally Financial Has Trimmed Its Position by $5.27 Million

January 13, 2018 - By Louis Casey

Ally Financial Inc decreased its stake in Facebook Inc (FB) by 77.5% based on its latest 2017Q3 regulatory filing with the SEC. Ally Financial Inc sold 31,000 shares as the company’s stock rose 10.88% with the market. The institutional investor held 9,000 shares of the technology company at the end of 2017Q3, valued at $1.54M, down from 40,000 at the end of the previous reported quarter. Ally Financial Inc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $521.22B market cap company. The stock decreased 4.47% or $8.4 during the last trading session, reaching $179.37. About 77.55M shares traded or 357.64% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Scotia Capital Inc decreased its stake in Thomson Reuters Corp (TRI) by 4% based on its latest 2017Q3 regulatory filing with the SEC. Scotia Capital Inc sold 11,172 shares as the company’s stock declined 3.74% while stock markets rallied. The institutional investor held 268,185 shares of the publishing company at the end of 2017Q3, valued at $12.30 million, down from 279,357 at the end of the previous reported quarter. Scotia Capital Inc who had been investing in Thomson Reuters Corp for a number of months, seems to be less bullish one the $30.48B market cap company. The stock increased 0.58% or $0.25 during the last trading session, reaching $43.59. About 381,289 shares traded. Thomson Reuters Corporation (NYSE:TRI) has risen 6.95% since January 13, 2017 and is uptrending. It has underperformed by 9.75% the S&P500.

Analysts await Thomson Reuters Corporation (NYSE:TRI) to report earnings on February, 8. They expect $0.55 EPS, down 8.33% or $0.05 from last year’s $0.6 per share. TRI’s profit will be $384.55 million for 19.81 P/E if the $0.55 EPS becomes a reality. After $0.68 actual EPS reported by Thomson Reuters Corporation for the previous quarter, Wall Street now forecasts -19.12% negative EPS growth.

Investors sentiment increased to 0.84 in Q3 2017. Its up 0.17, from 0.67 in 2017Q2. It improved, as 36 investors sold TRI shares while 97 reduced holdings. 40 funds opened positions while 72 raised stakes. 171.23 million shares or 7.02% less from 184.16 million shares in 2017Q2 were reported. Wellington Shields Management Ltd Liability Co stated it has 0.03% of its portfolio in Thomson Reuters Corporation (NYSE:TRI). Delta Asset Management Ltd Llc Tn accumulated 0% or 84 shares. Evercore Wealth Mngmt Limited Liability reported 95 shares or 0% of all its holdings. Qs Ltd Llc owns 0.03% invested in Thomson Reuters Corporation (NYSE:TRI) for 74,194 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 116,608 shares. 2.30M were reported by Millennium Mgmt Ltd Liability. Jpmorgan Chase stated it has 509,757 shares. Palo owns 16,134 shares. Strs Ohio owns 0.02% invested in Thomson Reuters Corporation (NYSE:TRI) for 92,600 shares. Ahl Partners Limited Liability Partnership reported 0.15% of its portfolio in Thomson Reuters Corporation (NYSE:TRI). State Bank Of Nova Scotia Trust holds 88,345 shares or 0.43% of its portfolio. Prudential reported 13,700 shares. Amg Funds Ltd Llc has invested 0.83% in Thomson Reuters Corporation (NYSE:TRI). Cibc Asset Mngmt Inc holds 0.31% in Thomson Reuters Corporation (NYSE:TRI) or 1.07M shares. Credit Suisse Ag reported 624,062 shares stake.

Among 17 analysts covering Thomson Reuters (NYSE:TRI), 4 have Buy rating, 2 Sell and 11 Hold. Therefore 24% are positive. Thomson Reuters had 34 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $4400 target in Tuesday, July 25 report. RBC Capital Markets maintained Thomson Reuters Corporation (NYSE:TRI) on Tuesday, February 9 with “Sector Perform” rating. RBC Capital Markets maintained it with “Hold” rating and $47.0 target in Wednesday, November 1 report. The stock of Thomson Reuters Corporation (NYSE:TRI) earned “Sell” rating by Berenberg on Thursday, April 20. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 19 report. The company was upgraded on Wednesday, September 6 by TD Securities. Credit Suisse maintained the shares of TRI in report on Thursday, November 2 with “Neutral” rating. As per Friday, August 26, the company rating was initiated by Macquarie Research. The company was downgraded on Monday, June 27 by TD Securities. Canaccord Genuity maintained the shares of TRI in report on Tuesday, August 1 with “Hold” rating.

Scotia Capital Inc, which manages about $7.02B US Long portfolio, upped its stake in Ishares Tr (HDV) by 3,822 shares to 23,175 shares, valued at $1.99 million in 2017Q3, according to the filing. It also increased its holding in Cummins Inc (NYSE:CMI) by 3,122 shares in the quarter, for a total of 18,933 shares, and has risen its stake in Brookfield Infrast Partners (NYSE:BIP).

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, August 10 the stock rating was initiated by Susquehanna with “Positive”. Wedbush maintained it with “Outperform” rating and $145 target in Thursday, April 28 report. The stock has “Outperform” rating by FBR Capital on Thursday, November 5. The company was maintained on Tuesday, June 20 by Cantor Fitzgerald. The firm earned “Overweight” rating on Monday, October 2 by Morgan Stanley. Cowen & Co maintained the shares of FB in report on Tuesday, October 31 with “Buy” rating. The firm has “Buy” rating given on Tuesday, September 8 by Moffett Nathanson. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, November 5 by Pivotal Research. The stock has “Overweight” rating by Barclays Capital on Thursday, November 5. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, August 27.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on February, 7. They expect $1.94 earnings per share, up 56.45% or $0.70 from last year’s $1.24 per share. FB’s profit will be $5.64B for 23.11 P/E if the $1.94 EPS becomes a reality. After $1.59 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.01% EPS growth.

Since August 7, 2017, it had 0 insider purchases, and 38 selling transactions for $950.72 million activity. On Tuesday, September 12 Schroepfer Michael Todd sold $6.57M worth of Facebook, Inc. (NASDAQ:FB) or 38,055 shares. Stretch Colin sold $129,738 worth of stock or 750 shares. The insider Cox Christopher K sold 16,000 shares worth $2.72 million. Zuckerberg Mark also sold $42.50M worth of Facebook, Inc. (NASDAQ:FB) shares. Koum Jan also sold $109.70M worth of Facebook, Inc. (NASDAQ:FB) shares. Wehner David M. sold 15,470 shares worth $2.59M.

Ally Financial Inc, which manages about $525.29M US Long portfolio, upped its stake in Costco Wholesale Corp (NASDAQ:COST) by 23,000 shares to 33,000 shares, valued at $5.42 million in 2017Q3, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 10,000 shares in the quarter, for a total of 175,000 shares, and has risen its stake in O’reilly Automotive Inc (NASDAQ:ORLY).

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It fall, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Check Management Inc Ca has 6,000 shares. Moreover, Arrow Financial has 2.15% invested in Facebook, Inc. (NASDAQ:FB) for 53,127 shares. Lourd Capital Ltd Com reported 0.1% stake. reported 4,571 shares. Texas Yale Cap holds 0.07% or 4,670 shares in its portfolio. The United Kingdom-based Old Mutual Global Invsts (Uk) has invested 0.39% in Facebook, Inc. (NASDAQ:FB). Metropolitan Life Insurance New York accumulated 1.22 million shares or 1.31% of the stock. Charter Trust holds 2,032 shares or 0.04% of its portfolio. Westpac Corp accumulated 1.03% or 274,632 shares. Bluefin Trading Limited Liability Corporation stated it has 1.34% in Facebook, Inc. (NASDAQ:FB). Klingenstein Fields Limited holds 1.28% in Facebook, Inc. (NASDAQ:FB) or 195,331 shares. Credit Agricole S A, France-based fund reported 1.69 million shares. Kenmare Prtn Limited Liability Co holds 9.24% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 43,653 shares. Ntv Asset Mgmt Lc holds 1.65% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 33,382 shares. University Of Notre Dame Du Lac has 2.65% invested in Facebook, Inc. (NASDAQ:FB).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>