Thomson Reuters (TRI) Reaches New 52-Week High at $54.29

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$54.29 and last traded at C$54.25, with a volume of 326515 shares changing hands. The stock had previously closed at C$53.84.

Several brokerages have recently issued reports on TRI. National Bank Financial lifted their price target on Thomson Reuters from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Wednesday, June 13th. Berenberg Bank decreased their price target on Thomson Reuters from C$45.00 to C$42.00 in a research note on Tuesday, May 22nd.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Friday, May 11th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.48 by C($0.13). Thomson Reuters had a net margin of 9.85% and a return on equity of 8.57%. The business had revenue of C$1.74 billion during the quarter, compared to the consensus estimate of C$1.70 billion.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 17th were given a dividend of $0.345 per share. The ex-dividend date was Wednesday, May 16th. This represents a $1.38 dividend on an annualized basis and a yield of 2.55%.

In other news, insider Woodbridge Company Limited The acquired 2,222 shares of Thomson Reuters stock in a transaction that occurred on Friday, May 25th. The shares were acquired at an average price of C$50.19 per share, for a total transaction of C$111,522.18. Also, Director Marc E. Gold sold 16,000 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of C$40.65, for a total value of C$650,400.00. Insiders have sold a total of 41,339 shares of company stock worth $1,672,934 in the last 90 days.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It 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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