Thomson Reuters Co. (TSE:TRI) Senior Officer Sells C$568,432.59 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer David Franklin Wong sold 2,256 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59.

Thomson Reuters Stock Performance

TSE TRI opened at C$245.45 on Thursday. The firm’s fifty day moving average price is C$237.40 and its two-hundred day moving average price is C$232.00. Thomson Reuters Co. has a 1 year low of C$204.57 and a 1 year high of C$256.51. The firm has a market capitalization of C$77.54 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, research analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.97%. Thomson Reuters’s payout ratio is presently 44.12%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRI. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. TD Securities boosted their price target on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. BMO Capital Markets raised their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, National Bankshares upped their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$270.33.

About Thomson Reuters

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.