Insider Selling: 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 stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59.

Thomson Reuters Stock Performance

Shares of TRI opened at C$250.58 on Friday. The business’s fifty day moving average price is C$237.82 and its 200 day moving average price is C$232.38. Thomson Reuters Co. has a 12-month low of C$204.57 and a 12-month high of C$256.51. The stock has a market capitalization of C$79.16 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same quarter in the previous year, the firm earned $0.98 EPS. Equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.95%. Thomson Reuters’s dividend payout ratio is presently 44.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. National Bankshares increased their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. BMO Capital Markets increased their target price 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. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Finally, TD Securities increased their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.