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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
175% more call options, than puts
Call options by funds: $55.1M | Put options by funds: $20M
91% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 35
80% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 9 (+4) [Q2]
9% more capital invested
Capital invested by funds: $13.2B [Q1] → $14.4B (+$1.23B) [Q2]
7.7% more ownership
Funds ownership: 11.23% [Q1] → 18.93% (+7.7%) [Q2]
7% more funds holding
Funds holding: 456 [Q1] → 488 (+32) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 178
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Scotiabank Paul Steep 100% 1-year accuracy 2 / 2 met price target | 9%upside $182 | Sector Outperform Upgraded | 27 Aug 2024 |
JP Morgan Andrew Steinerman 73% 1-year accuracy 8 / 11 met price target | 1%downside $164 | Neutral Maintained | 2 Aug 2024 |
RBC Capital Drew McReynolds 0 / 0 met price target | 1%upside $168 | Sector Perform Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 6 articles about TRI published over the past 30 days
