Thomson Reuters (TSE:TRI) Raised to Hold at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) to a hold rating in a research note released on Tuesday,Zacks.com reports.

TRI has been the topic of several other reports. BMO Capital Markets lifted their price objective on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. National Bankshares lifted their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. TD Securities raised their target price on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Trading Up 0.8 %

TRI stock opened at C$226.20 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The company has a market cap of C$101.72 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 3.64 and a beta of 0.40. The business has a fifty day simple moving average of C$230.50 and a 200-day simple moving average of C$229.21. Thomson Reuters has a 52 week low of C$185.73 and a 52 week high of C$242.92.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a $0.73 dividend. The ex-dividend date is Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a dividend yield of 1.29%. Thomson Reuters’s dividend payout ratio is 41.33%.

Insider Activity at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Senior Officer Kirsty Roth sold 5,310 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. In the last three months, insiders sold 14,128 shares of company stock valued at $3,155,777. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.