Insider Buying: Thomson Reuters Co. (TSE:TRI) Director Buys 77 Shares of Stock

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Peter J. Thomson purchased 77 shares of the business's stock in a transaction on Monday, March 17th. The shares were bought at an average cost of C$173.71 per share, for a total transaction of C$13,375.67.

Peter J. Thomson also recently made the following trade(s):

• On Monday, March 10th, Peter J. Thomson purchased 77 shares of Thomson Reuters stock. The shares were purchased at an average cost of C$173.71 per share, for a total transaction of C$13,375.67.

Thomson Reuters Trading Up 0.7 %

TSE:TRI traded up C$1.84 on Friday, reaching C$251.88. The company's stock had a trading volume of 296,234 shares, compared to its average volume of 363,542. The firm has a market cap of C$79.57 billion, a price-to-earnings ratio of 37.93, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. Thomson Reuters Co. has a 12-month low of C$205.67 and a 12-month high of C$260.45. The stock has a 50 day moving average price of C$247.27 and a 200 day moving average price of C$237.98.

Thomson Reuters (TSE:TRI - Get Free Report) 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 net margin of 32.12% and a return on equity of 20.19%. During the same period last year, the company posted $0.98 EPS. On average, equities analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.94%. Thomson Reuters's dividend payout ratio (DPR) is presently 44.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Securities raised their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the company a "hold" rating in a research report on Friday, February 7th. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Bank of America set a C$255.00 price objective on shares of Thomson Reuters and gave the stock a "neutral" rating in a research report on Thursday, April 10th. Finally, National Bankshares lifted their price target on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$266.50.

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.