Thomson Reuters Co. (TSE:TRI) Director Peter J. Thomson Buys 80 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson purchased 80 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of C$239.36 per share, with a total value of C$19,148.42.

Thomson Reuters Trading Up 0.4 %

Shares of TSE:TRI traded up C$0.98 during midday trading on Tuesday, reaching C$239.04. The company’s stock had a trading volume of 31,302 shares, compared to its average volume of 309,677. The firm has a 50 day moving average price of C$231.72 and a two-hundred day moving average price of C$229.51. Thomson Reuters Co. has a fifty-two week low of C$185.95 and a fifty-two week high of C$243.42. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The firm has a market capitalization of C$107.50 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $0.73 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is 41.33%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRI shares. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. BMO Capital Markets raised their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Finally, TD Securities raised their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

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.