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

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Director Peter J. Thomson acquired 77 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$173.71 per share, for a total transaction of C$13,375.67.

Thomson Reuters Stock Up 0.1 %

Shares of Thomson Reuters stock traded up C$0.26 during midday trading on Friday, hitting C$243.72. The company had a trading volume of 869,346 shares, compared to its average volume of 359,262. Thomson Reuters Co. has a 52-week low of C$204.57 and a 52-week high of C$260.45. 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 stock has a market capitalization of C$76.99 billion, a P/E ratio of 36.70, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a 50 day moving average of C$244.93 and a 200 day moving average of C$236.27.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share 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 quarter in the prior year, the firm earned $0.98 earnings per share. On average, equities analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

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Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.98%. Thomson Reuters's dividend payout ratio is currently 44.12%.

Analysts Set New Price Targets

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