Thomson Reuters Hits New 1-Year Peak Following Dividend Declaration

On Thursday, shares of Thomson Reuters Co. (TSE:TRI) soared to a new 52-week high following the company's announcement of a dividend. During mid-day trading, the price surged reaching as high as C$208.92 before settling at C$207.80, with a substantial trading volume of 204382 shares exchanged. Prior to this surge, the shares closed at C$200.99.

The company has disclosed that the forthcoming dividend is set to be disbursed on Friday, March 8th to shareholders recorded as of Wednesday, February 21st, featuring a $0.54 per share payout. This translates into an annualized payout of $2.16 and yields 1.03%. Presently, the dividend payout ratio (DPR) of Thomson Reuters stands at 41.81%.

Updated Analyst Insights

An array of analysts have provided updates on the stock's projections. Bank of America cut its price objective on Thomson Reuters from C$222.00 to C$195.00. In contrast, National Bankshares raised their price estimate from C$180.00 to C$201.00, maintaining a 'sector perform' stance. BMO Capital Markets proposed a higher target of C$211.00 from C$201.00, and Royal Bank of Canada marked an increase from C$133.00 to C$149.00, also with a 'sector perform' rating. Meanwhile, TD Securities increased their target to C$205.00 from C$185.00, opting for a 'hold' rating. With these assessments, the consensus average target price for Thomson Reuters is C$185.29, based on data from MarketBeat.com, and the consensus rating stands at 'Hold'.

Further Insight into Thomson Reuters Performance

Market and Company Financials

Thomson Reuters sports a market cap of C$95.48 billion, with a price-to-earnings ratio of 33.33 and a PEG ratio of 2.53. The company's stock demonstrates stability with a beta of 0.39. The 50-day simple moving average is positioned at C$195.45 and the 200-day simple moving average at C$182.24. With a debt-to-equity ratio towering at 40.94, its current ratio is firm at 1.05 alongside a quick ratio of 0.52.

Recent Insider Transactions

There has been notable insider trading activity within the company. Director Linda Walker sold 4,101 shares at an average of C$133.26 on November 16th, totalling C$546,499.26. Similarly, Senior Officer Michael Keith Eastwood sold 17,960 shares for an average of C$138.90 on November 20th, culminating in C$2,494,644.00. Collectively, insiders have sold 27,923 shares at a value of $3,876,396 over the last quarter. It’s noteworthy that company insiders hold a significant 66.75% of the company's stock.

Business Profile of Thomson Reuters

Thomson Reuters Corporation is a global powerhouse in the realm of business information services. It operates across diverse geographical territories including the Americas, Europe, the Middle East, Africa, and Asia Pacific. The corporation's business is branched into five major segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print, with an emphasis on delivering comprehensive research and workflow solutions especially to the legal sector.

Thomson, Reuters, Dividend