B. Riley Wealth Advisors Inc. lessened its stake in Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 63.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,375 shares of the business services provider's stock after selling 2,337 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Thomson Reuters were worth $220,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of TRI. SBI Securities Co. Ltd. acquired a new position in Thomson Reuters in the 4th quarter worth approximately $27,000. CIBC Asset Management Inc increased its position in shares of Thomson Reuters by 52.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,153,240 shares of the business services provider's stock worth $185,011,000 after purchasing an additional 395,481 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth about $11,285,000. Truist Financial Corp grew its position in Thomson Reuters by 5.6% in the 4th quarter. Truist Financial Corp now owns 9,496 shares of the business services provider's stock valued at $1,523,000 after acquiring an additional 500 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Thomson Reuters by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider's stock worth $5,683,000 after buying an additional 313 shares in the last quarter. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Stock Performance
Shares of Thomson Reuters stock traded down $0.46 during trading hours on Thursday, reaching $195.30. The company had a trading volume of 624,411 shares, compared to its average volume of 433,389. The firm has a market cap of $87.98 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. Thomson Reuters Co. has a one year low of $150.01 and a one year high of $199.11. The business has a fifty day simple moving average of $183.95 and a 200 day simple moving average of $173.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $1.11 EPS. Thomson Reuters's revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.22%. Thomson Reuters's payout ratio is presently 49.69%.
Wall Street Analysts Forecast Growth
TRI has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. Bank of America began coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. TD Securities lifted their price objective on shares of Thomson Reuters from $177.00 to $182.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. CIBC boosted their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Finally, Wells Fargo & Company lifted their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $183.70.
Check Out Our Latest Analysis on TRI
Thomson Reuters Company Profile
(
Free Report)
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.
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