Thomson Reuters
About: Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.
Employees: 25,600
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
663% more call options, than puts
Call options by funds: $45.4M | Put options by funds: $5.96M
1.04% more ownership
Funds ownership: 18.94% [Q3] → 19.98% (+1.04%) [Q4]
8% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 51
7% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 164
3% less funds holding
Funds holding: 474 [Q3] → 462 (-12) [Q4]
6% less capital invested
Capital invested by funds: $14.5B [Q3] → $13.6B (-$937M) [Q4]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q3] → 5 (-2) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$165
6%
downside
Avg. target
$180
2%
upside
High target
$188
7%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Goldman Sachs George King 0 / 0 met price target | 7%upside $188 | Neutral Maintained | 7 Feb 2025 |
Scotiabank Maher Yaghi 71% 1-year accuracy 12 / 17 met price target | 7%upside $188 | Sector Outperform Maintained | 7 Feb 2025 |
Wells Fargo Jason Haas 58% 1-year accuracy 21 / 36 met price target | 0%upside $177 | Equal-Weight Maintained | 7 Feb 2025 |
Wells Fargo | 6%downside $165 | Equal-Weight Initiated | 26 Nov 2024 |
Financial journalist opinion
Based on 14 articles about TRI published over the past 30 days
Positive
Seeking Alpha
6 days ago
Thomson Reuters: Raising 'Big 3' Guides For 2025, But Expensive At Current Levels
Thomson Reuters showed strong growth in core segments, leveraging AI and strategic acquisitions, with a positive outlook for 2025 but high current valuation. The company achieved significant organic revenue growth in 2024, driven by Legal, Corporate, and Tax & Accounting segments, despite slight margin declines. Risks include successful integration of acquisitions and technological disruption, particularly from AI, which could impact long-term profitability and competitive edge.
Neutral
Reuters
1 week ago
US Defense Department contract "inaccurately represented" on social media, says Thomson Reuters
Thomson Reuters said on Thursday its business with the Department of Defense was "inaccurately represented," in response to accusations on social media by Elon Musk and U.S. President Donald Trump that the company played a role in "large scale social deception" for the government.
Neutral
PRNewsWire
1 week ago
Thomson Reuters to Transfer U.S. Stock Exchange Listing to Nasdaq
Ticker symbol will remain "TRI" TORONTO , Feb. 13, 2025 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today announced that it will voluntarily transfer its U.S. stock exchange listing to the Nasdaq Global Select Market ("Nasdaq") from the New York Stock Exchange ("NYSE"). Thomson Reuters expects that its common shares will cease trading on the NYSE at market close on or about February 24, 2025 and that its common shares will commence trading on the Nasdaq on or about February 25, 2025.
Neutral
PRNewsWire
1 week ago
Thomson Reuters Commences Debt Exchange Offers and Consent Solicitations
TORONTO , Feb. 11, 2025 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, announced today that it has commenced offers to exchange all validly tendered and accepted notes of Thomson Reuters Corporation, an Ontario corporation ("TRC"), of the series described below (the "Old Notes") for new notes (the "New Notes") to be issued by TR Finance LLC ("TR Finance"), an indirect 100% owned U.S. subsidiary of TRC, having the same interest rate, interest payment dates, maturity date and optional redemption date as the applicable exchanged series of Old Notes. The New Notes will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest by TRC as well as West Publishing Corporation, Thomson Reuters Applications Inc. and Thomson Reuters (Tax & Accounting) Inc., each of which is an indirect 100% owned U.S. subsidiary of TRC (together, the "Subsidiary Guarantors").
Positive
Reuters
1 week ago
Thomson Reuters wins AI copyright 'fair use' ruling against one-time competitor
A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S. copyright law to copy the information and technology company's content to build a competing artificial intelligence-based legal platform.
Positive
Seeking Alpha
1 week ago
Thomson Reuters: AI Adoption And Growth Acceleration Make Me Optimistic
I recommend a buy rating for Thomson Reuters due to its solid organic growth outlook and sustained margins despite elevated AI-related investments. TRI's 4Q24 results showed a 5.4% y/y organic revenue increase, with the Big 3 segments growing 7.8% y/y organically, reflecting strong demand. AI-enabled products are driving growth, with Westlaw Precision adoption rising to 43% in 4Q24, indicating significant enterprise adoption and future growth potential.
Neutral
PRNewsWire
1 week ago
Thomson Reuters Announces New $150M Corporate Venture Capital Fund
TORONTO , Feb. 10, 2025 /PRNewswire/ -- Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company's commitment to driving innovation and delivering customer value.
Neutral
Seeking Alpha
2 weeks ago
Thomson Reuters Corporation (TRI) Q4 2024 Earnings Call Transcript
Thomson Reuters Corporation (NYSE:TRI ) Q4 2024 Earnings Conference Call February 6, 2025 8:00 AM ET Company Participants Gary Bisbee - Head of Investor Relations Steve Hasker - Chief Executive Officer Mike Eastwood - Chief Financial Officer Conference Call Participants Scott Fletcher - CIBC Capital Markets Tim Casey - BMO Capital Markets George Tong - Goldman Sachs Gary Bisbee Thanks, Jenny. Good morning and thank you all for joining us today for our Fourth Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
2 weeks ago
Thomson Reuters (TRI) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Thomson Reuters (TRI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 weeks ago
Thomson Reuters (TRI) Q4 Earnings and Revenues Top Estimates
Thomson Reuters (TRI) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.98 per share a year ago.
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