Thomson Reuters (TSE:TRI) Sets New 12-Month High After Dividend Announcement

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as C$219.12 and last traded at C$218.23, with a volume of 133007 shares traded. The stock had previously closed at C$208.41.

The newly announced dividend which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 37.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRI. TD Securities raised their price target on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the stock a “hold” rating in a report on Friday. National Bank Financial lowered Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. Canaccord Genuity Group raised their price objective on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets boosted their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, National Bankshares increased their target price on shares of Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Thomson Reuters has a consensus rating of “Hold” and a consensus target price of C$183.33.

Thomson Reuters Trading Up 1.2 %

The company’s fifty day moving average is C$211.18 and its two-hundred day moving average is C$198.08. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 32.01. The stock has a market cap of C$101.70 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. On average, research analysts predict that Thomson Reuters Co. will post 4.9537409 EPS for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$156.75, for a total transaction of C$744,562.50. In other news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. 69.49% of the stock is owned by insiders.

Thomson Reuters Company Profile

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.