Kerry Hendrikx Sells 1,500 Shares of Thomson Reuters Co. (TSE:TRI) Stock

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

Thomson Reuters Stock Performance

TSE:TRI opened at C$248.33 on Tuesday. The stock has a market capitalization of C$78.45 billion, a PE ratio of 37.39, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a fifty-two week low of C$204.57 and a fifty-two week high of C$260.45. The company has a fifty day moving average of C$247.29 and a two-hundred day moving average of C$237.07. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

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 for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.98 EPS. As a group, research analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.96%. Thomson Reuters’s dividend payout ratio (DPR) is 44.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TRI shares. BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. TD Securities lifted their price objective 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. Finally, National Bankshares increased their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research note 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’s stock. According to MarketBeat.com, the stock presently has an average 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.