Insider Selling: Thomson Reuters (TSE:TRI) Insider Sells 65,000 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider The Woodbridge Company Limited sold 65,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the completion of the sale, the insider owned 306,093,126 shares in the company, valued at approximately C$44,499,818,657.88. The trade was a 0.02% decrease in their position.

The Woodbridge Company Limited also recently made the following trade(s):

• On Tuesday, August 25th, The Woodbridge Company Limited sold 80,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$145.64, for a total transaction of C$11,651,200.00.
• On Tuesday, August 25th, The Woodbridge Company Limited sold 120,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$148.19, for a total transaction of C$17,782,800.00.

Thomson Reuters Trading Up 2.2%

Shares of TSE TRI traded up C$3.14 during mid-day trading on Thursday, reaching C$145.28. The company had a trading volume of 328,995 shares, compared to its average volume of 806,096. The stock has a market cap of C$62.94 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. Thomson Reuters Co. has a 52 week low of C$107.91 and a 52 week high of C$248.50. The business’s 50-day moving average is C$132.55 and its 200-day moving average is C$126.87. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. The company had revenue of C$2.78 billion during the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. Equities analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TRI shares. TD boosted their price target on Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, August 6th. National Bank Financial raised their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Scotia decreased their target price on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of “Buy” and an average target price of C$166.33.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.