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

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI Senior Officer David Franklin Wong sold 2,256 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59.

Thomson Reuters Trading Up 0.1 %

Shares of TRI stock traded up C$0.26 on Friday, hitting C$250.58. 434,021 shares of the company's stock traded hands, compared to its average volume of 326,298. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters Co. has a one year low of C$204.57 and a one year high of C$256.51. The company's fifty day simple moving average is C$237.82 and its 200 day simple moving average is C$232.44. The stock has a market capitalization of C$79.16 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, beating 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 quarter last year, the company posted $0.98 EPS. Equities analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 0.95%. Thomson Reuters's dividend payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRI shares. National Bankshares raised their price objective 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. TD Securities raised their price objective on shares of 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. Wells Fargo & Company upgraded shares of Thomson Reuters to a "hold" rating in a research report on Tuesday, November 26th. Finally, BMO Capital Markets raised their price objective on shares of 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 research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.