B. Riley Wealth Advisors Inc. Sells 2,337 Shares of Thomson Reuters Co. (NYSE:TRI)

B. Riley Wealth Advisors Inc. reduced its stake in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 63.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,375 shares of the business services provider's stock after selling 2,337 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Thomson Reuters were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TRI. Mackenzie Financial Corp lifted its position in shares of Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock valued at $1,370,564,000 after acquiring an additional 4,977,006 shares in the last quarter. Norges Bank purchased a new position in Thomson Reuters in the 4th quarter worth approximately $148,221,000. Geode Capital Management LLC boosted its stake in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares during the period. TD Asset Management Inc. grew its holdings in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock valued at $764,654,000 after buying an additional 516,605 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in 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 valued at $185,011,000 after buying an additional 395,481 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Trading Down 1.3%

TRI traded down $2.63 during trading on Tuesday, reaching $194.79. The company had a trading volume of 758,050 shares, compared to its average volume of 431,636. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Thomson Reuters Co. has a 52 week low of $150.01 and a 52 week high of $199.11. The stock has a market cap of $87.75 billion, a P/E ratio of 39.83, a PEG ratio of 5.67 and a beta of 0.75. The business has a 50 day simple moving average of $182.56 and a 200-day simple moving average of $172.85.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The business's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. On average, equities analysts anticipate that Thomson Reuters Co. will post 3.89 EPS 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. Stockholders of record on Thursday, May 15th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.22%. Thomson Reuters's payout ratio is 49.69%.

Analyst Upgrades and Downgrades

TRI has been the subject of a number of research reports. CIBC upped their target price on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. TD Securities lifted their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Royal Bank of Canada increased their price target on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Finally, Bank of America assumed coverage on Thomson Reuters in a report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $183.70.

Thomson Reuters Profile

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.