Thomson Reuters (TSE:TRI) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$227.30 and traded as high as C$240.31. Thomson Reuters shares last traded at C$236.87, with a volume of 527,722 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRI. National Bank Financial upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Sunday, September 8th. Scotiabank raised Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. BMO Capital Markets upped their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday. TD Securities raised their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday. Finally, National Bankshares upped their price objective on shares of 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. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$197.50.

Thomson Reuters Stock Down 2.1 %

The company has a market cap of C$104.25 billion, a P/E ratio of 32.70, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a 50-day simple moving average of C$230.59 and a 200 day simple moving average of C$227.45. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.26%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. Thomson Reuters's dividend payout ratio is presently 41.33%.

Insider Activity

In related news, Senior Officer Kirsty Roth sold 5,310 shares of the company's stock in a transaction that occurred 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. In other news, Senior Officer Kirsty Roth sold 5,310 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In the last three months, insiders have sold 11,711 shares of company stock worth $2,755,571. 69.76% of the stock is currently owned by company insiders.

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.