Stephane Bello Sells 78,800 Shares of Thomson Reuters Corp (TSE:TRI) Stock
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) insider Stephane Bello sold 78,800 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$47.58, for a total transaction of C$3,749,304.00.
Thomson Reuters Corp (TSE:TRI) traded up 0.08% during trading on Monday, hitting $59.82. 419,953 shares of the stock were exchanged. Thomson Reuters Corp has a 1-year low of $52.01 and a 1-year high of $62.83. The firm has a market capitalization of $43.13 billion and a price-to-earnings ratio of 14.69. The company has a 50-day moving average price of $59.32 and a 200 day moving average price of $58.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.31%.
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A number of equities analysts have weighed in on TRI shares. Macquarie increased their target price on shares of Thomson Reuters Corp from C$49.90 to C$70.00 in a research report on Thursday, June 15th. TD Securities increased their target price on shares of Thomson Reuters Corp from C$61.00 to C$65.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. National Bank Financial increased their target price on shares of Thomson Reuters Corp from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Scotiabank increased their target price on shares of Thomson Reuters Corp to C$47.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a C$59.00 target price on shares of Thomson Reuters Corp in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Thomson Reuters Corp has an average rating of “Hold” and a consensus price target of C$57.38.
Thomson Reuters Corp Company Profile
Thomson Reuters Corporation provides news and information for professional markets worldwide. It operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The company sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.
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