Thomson Reuters Co. (TSE:TRI) Director Peter J. Thomson Acquires 80 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson purchased 80 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of C$239.36 per share, for a total transaction of C$19,148.42.

Thomson Reuters Price Performance

TRI stock opened at C$237.98 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm has a market cap of C$107.02 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.64 and a beta of 0.40. The company’s fifty day simple moving average is C$231.90 and its 200 day simple moving average is C$229.57. Thomson Reuters Co. has a 12-month low of C$185.95 and a 12-month high of C$243.42.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is currently 41.33%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. BMO Capital Markets raised their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. TD Securities lifted their target price on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Finally, National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Six analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

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.