B. Riley Wealth Advisors Inc. Has $632,000 Holdings in Thomson Reuters Co. (NYSE:TRI)

B. Riley Wealth Advisors Inc. lowered its position in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 26.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,712 shares of the business services provider’s stock after selling 1,319 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Thomson Reuters were worth $632,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in Thomson Reuters in the second quarter valued at $25,000. Asset Dedication LLC raised its position in shares of Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at about $42,000. Ashton Thomas Securities LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter valued at about $47,000. Finally, Exchange Traded Concepts LLC grew its stake in Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares during the period. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $164.43 on Thursday. The stock has a market cap of $73.98 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 5.69 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. Thomson Reuters Co. has a fifty-two week low of $140.33 and a fifty-two week high of $176.03. The firm’s 50-day simple moving average is $166.06 and its 200 day simple moving average is $166.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.54 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Analysts Set New Price Targets

TRI has been the topic of several recent analyst reports. StockNews.com lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Wells Fargo & Company initiated coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price on the stock. Scotiabank raised their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $175.20.

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.