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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer David Franklin Wong sold 2,256 shares of the company’s stock in a transaction 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 Price Performance

Thomson Reuters stock traded down C$0.90 during midday trading on Wednesday, hitting C$245.45. 467,518 shares of the company’s stock were exchanged, compared to its average volume of 315,765. The stock has a 50-day moving average price of C$237.27 and a two-hundred day moving average price of C$231.91. Thomson Reuters Co. has a 52-week low of C$204.57 and a 52-week high of C$256.51. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The company has a market cap of C$77.54 billion, a P/E ratio of 36.96, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping 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 last year, the company earned $0.98 earnings per share. On average, equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.97%. Thomson Reuters’s dividend payout ratio is currently 44.12%.

Analyst Ratings Changes

Several research firms recently weighed in on TRI. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. National Bankshares raised their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. TD Securities lifted their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Finally, BMO Capital Markets lifted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$270.33.

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.