Stifel Financial Corp Has $5.86 Million Position in Thomson Reuters Co. (NYSE:TRI)

Stifel Financial Corp trimmed its position in shares of Thomson Reuters Co. (NYSE:TRI - Free Report) TSE: TRI by 48.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,361 shares of the business services provider's stock after selling 32,499 shares during the period. Stifel Financial Corp's holdings in Thomson Reuters were worth $5,862,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRI. Rothschild Investment LLC acquired a new stake in shares of Thomson Reuters during the second quarter valued at about $25,000. Asset Dedication LLC grew its stake in shares of Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Thomson Reuters during the third quarter valued at about $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters during the third quarter valued at about $47,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after acquiring an additional 167 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of NYSE:TRI traded down $0.94 during trading hours on Friday, hitting $168.10. The stock had a trading volume of 193,076 shares, compared to its average volume of 294,104. The stock's fifty day simple moving average is $166.14 and its 200 day simple moving average is $166.74. Thomson Reuters Co. has a 1-year low of $138.83 and a 1-year high of $176.03. The firm has a market capitalization of $75.63 billion, a price-to-earnings ratio of 33.09, 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 (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. 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 business earned $0.82 earnings per share. Thomson Reuters's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRI. Scotiabank increased their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company began coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 price target on the stock. StockNews.com cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Finally, National Bank Financial raised shares of Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Thomson Reuters currently has a consensus rating of "Hold" and an average target price of $175.20.

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.