Thomson Reuters (TSE:TRI) Stock Rating Upgraded by 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. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. National Bankshares upped their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. BMO Capital Markets boosted their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Finally, TD Securities raised their target price on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Trading Up 0.8 %

TSE:TRI opened at C$228.44 on Tuesday. Thomson Reuters has a 12 month low of C$185.73 and a 12 month high of C$242.92. The business’s 50-day moving average is C$230.17 and its two-hundred day moving average is C$229.17. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market capitalization of C$102.73 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a $0.73 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. This represents a $2.92 annualized dividend and a dividend yield of 1.28%. Thomson Reuters’s dividend payout ratio (DPR) is 41.33%.

Insider Activity at Thomson Reuters

In related news, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction dated 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. Also, Senior Officer David Franklin Wong sold 2,417 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. Insiders sold 14,128 shares of company stock worth $3,155,777 in the last 90 days. 69.76% of the stock is currently owned by company insiders.

About Thomson Reuters

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.