David Franklin Wong Sells 2,256 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59.

Thomson Reuters Trading Up 2.0 %

Thomson Reuters stock opened at C$250.32 on Friday. The firm has a market cap of C$79.08 billion, a price-to-earnings ratio of 37.69, 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$204.57 and a 1 year high of C$256.51. The firm’s 50 day moving average price is C$237.60 and its two-hundred day moving average price is C$232.18. 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 posted its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company earned $0.98 EPS. On average, research analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.95%. Thomson Reuters’s dividend payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

TRI has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. National Bankshares raised their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Securities raised 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 research note on Friday, February 7th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.