Kerry Hendrikx Sells 1,500 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Kerry Hendrikx sold 1,500 shares of Thomson Reuters stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65.

Thomson Reuters Price Performance

Shares of TSE:TRI traded down C$3.63 during trading on Thursday, reaching C$247.78. The stock had a trading volume of 407,691 shares, compared to its average volume of 345,977. The stock has a market capitalization of C$78.28 billion, a PE ratio of 37.31, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a 52 week low of C$204.57 and a 52 week high of C$260.45. The business's 50-day moving average price is C$247.92 and its 200 day moving average price is C$237.25. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping analysts' consensus estimates 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 EPS. As a group, equities analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

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Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.96%. Thomson Reuters's payout ratio is presently 44.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. National Bankshares lifted their price objective on Thomson Reuters from C$260.00 to C$286.00 and gave the company an "outperform" rating in a report on Friday, February 7th. TD Securities boosted their price target on 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, BMO Capital Markets upped their price target 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of "Buy" and an average price target 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.