Thomson Reuters Co. (TSE:TRI) Senior Officer Sells C$1,428,328.44 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44.

Thomson Reuters Stock Performance

TRI opened at C$230.12 on Friday. The business has a fifty day simple moving average of C$225.99 and a 200 day simple moving average of C$223.20. The company has a market capitalization of C$103.49 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a 1 year low of C$163.01 and a 1 year high of C$242.92. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.10 by C$0.06. The business had revenue of C$2.38 billion during the quarter, compared to analysts’ expectations of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Research analysts expect that Thomson Reuters Co. will post 5.753 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is currently 41.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRI. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. TD Securities boosted their target price on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a report on Thursday, June 20th. National Bankshares raised their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Finally, Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$190.14.

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.