Stifel Financial Corp Raises Stock Position in Thomson Reuters Co. (NYSE:TRI)

Stifel Financial Corp grew its holdings in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 34,612 shares of the business services provider’s stock after purchasing an additional 251 shares during the quarter. Stifel Financial Corp’s holdings in Thomson Reuters were worth $5,551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters in the 4th quarter valued at approximately $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in Thomson Reuters in the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Thomson Reuters by 60.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 361 shares of the business services provider’s stock worth $58,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRI. Scotiabank boosted their price objective on Thomson Reuters from $187.00 to $188.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Canaccord Genuity Group raised their price objective on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Finally, Bank of America initiated 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. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $178.18.

Thomson Reuters Price Performance

Shares of NYSE TRI opened at $184.30 on Wednesday. The stock has a market cap of $83.01 billion, a P/E ratio of 37.69, a P/E/G ratio of 5.67 and a beta of 0.70. Thomson Reuters Co. has a twelve month low of $149.85 and a twelve month high of $184.54. The stock has a 50 day moving average of $174.61 and a two-hundred day moving average of $168.86. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, research analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 48.67%.

Thomson Reuters Company 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.