Thomson Reuters Corp (TSE:TRI) Director Sells 16,354 Shares

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) Director Brian S. Peccarelli sold 16,354 shares of Thomson Reuters stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$88.97, for a total value of C$1,454,982.67.

Shares of TRI stock traded down C$0.29 during trading hours on Friday, hitting C$93.26. 388,518 shares of the company’s stock were exchanged, compared to its average volume of 532,947. The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 38.60. The firm has a market cap of $46.43 billion and a P/E ratio of 14.02. The firm has a 50 day moving average of C$89.68 and a two-hundred day moving average of C$83.64. Thomson Reuters Corp has a fifty-two week low of C$62.92 and a fifty-two week high of C$94.28.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 22nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, August 21st. Thomson Reuters’s dividend payout ratio is currently 22.34%.

TRI has been the topic of a number of recent research reports. TD Securities lowered Thomson Reuters from a “buy” rating to a “hold” rating and upped their target price for the company from C$92.00 to C$94.00 in a research report on Wednesday, August 21st. National Bank Financial upped their target price on Thomson Reuters from C$90.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Sunday, August 4th. Finally, BMO Capital Markets boosted their price target on Thomson Reuters from C$94.00 to C$95.00 in a report on Friday, August 2nd.

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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