Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) Director Priscilla C. Hughes sold 7,873 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of C$40.48, for a total transaction of C$318,699.04.
Shares of Thomson Reuters Corp (TSE TRI) opened at C$51.96 on Tuesday. Thomson Reuters Corp has a 52-week low of C$49.26 and a 52-week high of C$62.83. The stock has a market cap of $36,860.00, a PE ratio of 26.78 and a beta of 0.32.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be given a $0.433 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 3.33%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio is presently 70.88%.
TRI has been the topic of a number of analyst reports. Scotiabank lowered their target price on shares of Thomson Reuters to C$69.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. National Bank Financial downgraded shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$68.00 to C$60.00 in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$62.25.
About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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