Thomson Reuters Co. (TSE:TRI) Senior Officer David Franklin Wong Sells 600 Shares

Thomson Reuters Co. (TSE:TRIGet Rating) (NYSE:TRI) Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Monday, November 14th. The stock was sold at an average price of C$145.41, for a total value of C$87,245.34. Following the sale, the insider now directly owns 16,599 shares of the company’s stock, valued at approximately C$2,413,642.33.

Thomson Reuters Stock Down 0.3 %

Shares of TRI stock opened at C$145.25 on Tuesday. The stock has a 50 day moving average of C$143.25 and a 200 day moving average of C$137.62. The company has a current ratio of 0.69, a quick ratio of 0.41 and a debt-to-equity ratio of 33.15. The stock has a market cap of C$69.63 billion and a P/E ratio of 48.91. Thomson Reuters Co. has a twelve month low of C$119.23 and a twelve month high of C$156.62.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 16th. Thomson Reuters’s dividend payout ratio (DPR) is presently 58.59%.

Analyst Ratings Changes

Several research analysts recently weighed in on TRI shares. BMO Capital Markets lifted their price target on Thomson Reuters from C$160.00 to C$165.00 in a research report on Wednesday, November 2nd. Bank of America lifted their price target on Thomson Reuters from C$178.00 to C$190.00 in a research report on Thursday, October 13th.

Thomson Reuters Company Profile

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Thomson Reuters Corporation provides 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.

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