Thomson Reuters Co. (TSE:TRI) Senior Officer Kirsty Roth Sells 5,310 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer Kirsty Roth sold 5,310 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$230.12 on Friday. The firm has a fifty day moving average price of C$225.99 and a 200 day moving average price of C$223.20. The company has a market cap of C$103.49 billion, a P/E ratio of 32.87, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a 12 month low of C$163.01 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 (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.06. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. The business had revenue of C$2.38 billion for the quarter, compared to analysts’ expectations of C$2.38 billion. Sell-side analysts predict that Thomson Reuters Co. will post 5.753 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

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

Analysts Set New Price Targets

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

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.