Thomson Reuters (TSE:TRI) Upgraded by Wells Fargo & Company to Hold Rating

Wells Fargo & Company upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) to a hold rating in a report published on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. National Bankshares upped their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. TD Securities lifted their target price on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Stock Performance

Shares of TRI opened at C$226.20 on Tuesday. The company’s 50 day simple moving average is C$230.50 and its 200-day simple moving average is C$229.21. The firm has a market cap of C$101.72 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 12-month low of C$185.73 and a 12-month high of C$242.92. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.33%.

Insider Buying and Selling

In other Thomson Reuters news, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders have sold a total of 14,128 shares of company stock worth $3,155,777 in the last quarter. Company insiders own 69.76% of the company’s stock.

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.