Thomson Reuters (TSE:TRI) Insider Sells C$377,572.79 in Stock

Key Points

• Thomson Reuters insider David Franklin Wong sold 2,701 shares for C$377,572.79, reducing his direct ownership by 12.36% to 19,147 shares. He also sold an additional 299 shares for C$41,806.18.
• Thomson Reuters shares rose 1.2% to C$141.85, while the company recently reported quarterly revenue of C$2.78 billion and EPS of C$1.41.
• Analysts maintain a generally positive outlook, with an average rating of “Buy” and a consensus price target of C$166.33; TD and National Bank recently raised their targets.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI insider David Franklin Wong sold 2,701 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total value of C$377,572.79. Following the completion of the sale, the insider directly owned 19,147 shares of the company's stock, valued at C$2,676,559.13. The trade was a 12.36% decrease in their ownership of the stock.

David Franklin Wong also recently made the following trade(s):

• On Thursday, August 6th, David Franklin Wong sold 299 shares of Thomson Reuters stock. The stock was sold at an average price of C$139.82, for a total value of C$41,806.18.

Thomson Reuters Stock Up 1.2%

Shares of TSE TRI traded up C$1.72 during midday trading on Friday, hitting C$141.85. 329,427 shares of the stock traded hands, compared to its average volume of 823,381. The company has a market cap of C$61.92 billion, a PE ratio of 41.08, a P/E/G ratio of 3.64 and a beta of 0.08. Thomson Reuters Co. has a one year low of C$107.91 and a one year high of C$251.55. The business has a 50 day moving average price of C$124.88 and a two-hundred day moving average price of C$127.84. The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. The company had revenue of C$2.78 billion for the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%. On average, equities analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on TRI. National Bank Financial increased their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an "outperform" rating in a research note on Thursday. Argus upgraded Thomson Reuters to a "hold" rating in a report on Wednesday, April 22nd. TD increased their price target on Thomson Reuters from C$185.00 to C$200.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Scotia dropped their price objective on 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. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.

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