Insider Selling: Thomson Reuters Corp (TSE:TRI) Director Sells C$1,454,982.67 in Stock

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) Director Brian S. Peccarelli sold 16,354 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of C$88.97, for a total transaction of C$1,454,982.67.

TSE TRI opened at C$87.55 on Friday. The company’s fifty day simple moving average is C$88.07 and its 200-day simple moving average is C$81.63. Thomson Reuters Corp has a 52 week low of C$60.85 and a 52 week high of C$93.44. The company has a current ratio of 1.93, a quick ratio of 1.67 and a debt-to-equity ratio of 38.60. The stock has a market cap of $43.73 billion and a P/E ratio of 13.16.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Thomson Reuters’s payout ratio is currently 22.34%.

A number of research analysts have recently commented on TRI shares. National Bank Financial boosted their target price on shares of Thomson Reuters from C$90.00 to C$93.00 and gave the stock a “sector perform” rating in a research report on Sunday, August 4th. TD Securities boosted their target price on shares of Thomson Reuters from C$88.00 to C$92.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$94.00 to C$95.00 in a research 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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Insider Buying and Selling by Quarter for Thomson Reuters (TSE:TRI)

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