Insider Selling: Thomson Reuters Co. (TSE:TRI) Director Sells 1,500 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Kerry Hendrikx sold 1,500 shares of Thomson Reuters stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65.

Thomson Reuters Trading Down 1.0 %

TSE TRI traded down C$2.35 during trading on Friday, hitting C$244.70. The company had a trading volume of 151,285 shares, compared to its average volume of 347,415. The company’s fifty day moving average is C$246.94 and its 200-day moving average is C$236.84. The company has a market cap of C$77.30 billion, a price-to-earnings ratio of 36.85, 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 Co. has a one year low of C$204.57 and a one year high of C$260.45.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping 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 last year, the firm earned $0.98 earnings per share. On average, sell-side analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.97%. Thomson Reuters’s payout ratio is 44.12%.

Analyst Ratings Changes

Several research firms recently commented on TRI. TD Securities increased their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a 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 research note on Friday, February 7th. Finally, National Bankshares lifted their price objective 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 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. Based on data from MarketBeat, Thomson Reuters has a consensus rating of “Buy” and an average 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.