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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider The Woodbridge Company Limited sold 135,000 shares of the business’s 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 completion of the sale, the insider directly owned 312,518,088 shares in the company, valued at approximately 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 shares were sold at an average price of C$127.34, for a total value of C$8,277,100.00.

Thomson Reuters Stock Performance

TSE:TRI remained flat at C$125.58 on Friday. 658,954 shares of the company’s stock were exchanged, 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 debt-to-equity ratio of 17.82, a current ratio of 0.64 and a quick ratio of 0.52. The firm has a fifty day moving average of C$131.34 and a 200 day moving average of C$174.20. The stock has a market capitalization of C$55.74 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. The business had revenue of C$2.76 billion during the quarter. On average, equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRI. TD Securities dropped their price target 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. Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce reduced their price objective on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a report on Friday, February 6th. National Bank Financial decreased their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research report on Sunday, February 8th. Finally, BMO Capital Markets lowered their target price on shares of Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Four investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$181.83.

Thomson Reuters Company Profile

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.