Insider Selling: Thomson Reuters (TSE:TRI) Insider Sells 135,000 Shares of Stock

Key Points

• The Woodbridge Company Limited sold 135,000 shares of Thomson Reuters on March 20 at an average price of C$126.85 for C$17,124,750, leaving it with 312,518,088 shares (a 0.04% reduction).
• Thomson Reuters traded flat at C$125.58 midday with a market cap of C$55.74B and a 12‑month range of C$109.20–C$299.24; analysts' consensus is "Buy" with an average price target of C$181.83 despite several recent target cuts and downgrades.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI insider The Woodbridge Company Limited sold 135,000 shares of Thomson Reuters stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$126.85, for a total transaction of C$17,124,750.00. Following the sale, the insider directly owned 312,518,088 shares of the company's stock, valued at C$39,642,919,462.80. This represents a 0.04% decrease in their position.

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

• On Friday, March 20th, The Woodbridge Company Limited sold 65,000 shares of Thomson Reuters stock. The stock was sold at an average price of C$127.34, for a total value of C$8,277,100.00.

Thomson Reuters Price Performance

Thomson Reuters stock remained flat at C$125.58 during mid-day trading on Friday. The company had a trading volume of 658,954 shares, compared to its average volume of 922,349. Thomson Reuters Co. has a twelve month low of C$109.20 and a twelve month high of C$299.24. The company has a fifty day moving average price of C$131.34 and a 200 day moving average price of C$174.20. The firm has a market capitalization of C$55.74 billion, a price-to-earnings ratio of 37.71, a P/E/G ratio of 3.64 and a beta of -0.02. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 17.82.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. The firm had revenue of C$2.76 billion during the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%. Research analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRI. Royal Bank Of Canada upgraded shares of Thomson Reuters from a "hold" rating to a "moderate buy" rating in a report on Tuesday, February 10th. BMO Capital Markets cut their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a research report on Friday, February 6th. Wells Fargo & Company cut Thomson Reuters from a "strong-buy" rating to a "hold" rating in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce decreased their target price on Thomson Reuters from C$183.00 to C$140.00 and set an "outperform" rating on the stock in a research report on Friday, February 6th. Finally, TD Securities lowered their target price on Thomson Reuters from C$285.00 to C$175.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$181.83.

About Thomson Reuters

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.

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