Thomson Reuters (TSE:TRI) Insider Sells C$9,449,700.00 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider The Woodbridge Company Limited sold 65,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total transaction of C$9,449,700.00. Following the transaction, the insider owned 306,093,126 shares in the company, valued at approximately C$44,499,818,657.88. The trade was a 0.02% decrease in their position.

The Woodbridge Company Limited also recently made the following trade(s):

• On Tuesday, August 25th, The Woodbridge Company Limited sold 80,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$145.64, for a total transaction of C$11,651,200.00.
• On Tuesday, August 25th, The Woodbridge Company Limited sold 120,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$148.19, for a total transaction of C$17,782,800.00.

Thomson Reuters Trading Up 1.7%

Shares of TRI stock opened at C$147.53 on Friday. The stock has a market cap of C$63.91 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. Thomson Reuters Co. has a 1 year low of C$107.91 and a 1 year high of C$248.50. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56. The stock has a 50 day simple moving average of C$133.90 and a 200 day simple moving average of C$127.19.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The firm had revenue of C$2.78 billion for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. On average, research analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRI. TD boosted their price target on Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Scotia reduced their price objective on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, National Bank Financial raised their target price on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$166.33.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.