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: 26,400
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
1,352% more call options, than puts
Call options by funds: $99.1M | Put options by funds: $6.83M
70% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 33
20% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2024] → 6 (+1) [Q1 2025]
9% more capital invested
Capital invested by funds: $13.7B [Q4 2024] → $14.9B (+$1.19B) [Q1 2025]
2% more funds holding
Funds holding: 474 [Q4 2024] → 484 (+10) [Q1 2025]
0.16% more ownership
Funds ownership: 18.96% [Q4 2024] → 19.12% (+0.16%) [Q1 2025]
19% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 187
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Manav Patnaik | 8%upside $210 | Overweight Maintained | 2 May 2025 |
RBC Capital Drew McReynolds | 5%downside $185 | Sector Perform Maintained | 2 May 2025 |
Scotiabank Maher Yaghi | 4%downside $188 | Sector Perform Downgraded | 2 May 2025 |
B of A Securities Joshua Dennerlein | 8%downside $180 | Neutral Reinstated | 10 Apr 2025 |
Financial journalist opinion
Based on 5 articles about TRI published over the past 30 days









