Insider Selling: Thomson Reuters Corp (TRI) Director Sells 3,548 Shares of Stock

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) Director Marc E. Gold sold 3,548 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$86.20, for a total transaction of C$305,823.41. Following the transaction, the director now directly owns 7,001 shares of the company’s stock, valued at C$603,458.20.

TRI stock opened at C$87.42 on Friday. The company has a market capitalization of $43.75 billion and a price-to-earnings ratio of 12.55. The company has a debt-to-equity ratio of 35.82, a current ratio of 1.84 and a quick ratio of 1.58. Thomson Reuters Corp has a one year low of C$54.00 and a one year high of C$88.37.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Tuesday, February 26th. The company reported C$0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.08 by C$0.18. The firm had revenue of C$2.01 billion during the quarter, compared to analysts’ expectations of C$2 billion. As a group, sell-side analysts expect that Thomson Reuters Corp will post 1.92000011494856 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be paid a $0.36 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.04. This represents a $1.44 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, May 22nd. Thomson Reuters’s payout ratio is presently 21.61%.

A number of research analysts have recently weighed in on TRI shares. National Bank Financial raised their price objective on shares of Thomson Reuters from C$88.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. TD Securities lifted their target price on shares of Thomson Reuters from C$81.00 to C$88.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets lifted their target price on shares of Thomson Reuters from C$78.00 to C$87.00 in a research note on Thursday, April 18th.

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About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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Insider Buying and Selling by Quarter for Thomson Reuters (TSE:TRI)

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