Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-enabled technology solutions for legal, tax, regulatory, compliance, and IT professionals. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, national, and international news to professionals through desktop terminals, media organizations, and industry events, as well as directly to consumers. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.
IPO Year:
Exchange: NYSE
Website: thomsonreuters.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/9/2024 | Sector Perform → Outperform | National Bank Financial | |
8/27/2024 | $164.00 → $182.00 | Sector Perform → Sector Outperform | Scotiabank |
4/23/2024 | Underperform → Sector Perform | National Bank Financial | |
3/14/2024 | $150.00 → $180.00 | Equal Weight → Overweight | Barclays |
11/7/2023 | $153.00 | Buy | UBS |
8/3/2023 | Outperform → Sector Perform | National Bank Financial | |
8/3/2023 | $140.00 | Sector Outperform → Neutral | CIBC |
8/3/2023 | $135.00 → $139.00 | Outperform → Sector Perform | RBC Capital Mkts |
5/31/2023 | $100.00 → $115.00 | Underperform → Neutral | Exane BNP Paribas |
5/8/2023 | Sector Perform → Outperform | National Bank Financial |
WASHINGTON, Jan. 17, 2024 /PRNewswire/ -- ACAMS, a leading global membership organization dedicated to supporting anti-financial crime professionals in the fight against illicit activities, today announced the appointment of Neil Sternthal as Chief Executive Officer, effective January 15, 2024. In addition, Mr. Sternthal will join Mariah Gause, Chief Operating Officer, as the two executive officers to the company's Board of Directors. Mr. Sternthal joins ACAMS after nearly 22 years with Thomson Reuters (NYSE:TRI), a leading global information and news media organization. A la
Group Believes Board Has Disregarded Shareholders' Concerns by Appointing Solomon Trujillo as "Independent" Chairman Highlights Conflicting Financial Arrangements and Interlocks Among Board Members, Including Mr. Trujillo and Chief Executive Officer Marlow Hernandez Reiterates Demand that the Board Respect the Wishes of Shareholders by Making Necessary Leadership Changes or Reopening the Window to Nominate Director Candidates and Submit Proposals at 2023 Annual Meeting Elliot Cooperstone, Lewis Gold and Barry Sternlicht (collectively with certain of their affiliates, the "Group" or "we"), who recently resigned as members of the Board of Directors (the "Board") of Cano Health, Inc. ("C
TORONTO, Jan. 12, 2022 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today announced the appointment of LaVerne Council to the company's Board of Directors, effective immediately. "We are privileged to have a board that consists of a strong cadre of leaders with a breadth of perspectives and backgrounds. I am pleased to have LaVerne join our boardroom. Her expertise in information technology, business operations and transformational change will prove invaluable as we continue to transition from a holding company to an operating company," said David Thomson, chairman of Thomson Re
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Thomson Reuters (NYSE:TRI) has outperformed the market over the past 10 years by 4.74% on an annualized basis producing an average annual return of 15.37%. Currently, Thomson Reuters has a market capitalization of $76.92 billion. Buying $1000 In TRI: If an investor had bought $1000 of TRI stock 10 years ago, it would be worth $4,202.77 today based on a price of $170.74 for TRI at the time of writing. Thomson Reuters's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated con
Thomson Reuters (NYSE:TRI) announced today that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group PLC (LSEG) shares that they co-own for a price of £91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG.Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $0.5 billion.
UBS analyst Kevin Mcveigh maintains Thomson Reuters (NYSE:TRI) with a Buy and raises the price target from $177 to $190.
Canaccord Genuity analyst Aravinda Galappatthige maintains Thomson Reuters (NYSE:TRI) with a Hold and raises the price target from $149 to $156.
Scotiabank analyst Maher Yaghi maintains Thomson Reuters (NYSE:TRI) with a Sector Perform and raises the price target from $159 to $164.
JP Morgan analyst Andrew Steinerman maintains Thomson Reuters (NYSE:TRI) with a Neutral and raises the price target from $152 to $163.
Thomson Reuters Corp (NYSE: TRI) reported fiscal first-quarter 2024 revenue growth of 8% year-on-year to $1.89 billion, beating the analyst consensus of $1.86 billion. The business information services provider’s adjusted EPS of $1.11 beat the analyst consensus of $0.95. The stock price gained after the print. Organic revenues increased by 9%, driven by 9% growth in recurring revenues (76% of total revenues). The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively comprised 83% of total revenues and reported organic revenue growth of 10%. Legal Professionals’ revenue grew by 1% Y/Y to $721 million, Corporates’ revenue rose 17% Y/
TORONTO, Aug. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the second quarter ended June 30, 2024: Good revenue momentum continued in the second quarterTotal company and organic revenues both up 6%Organic revenues up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q2 performance, raised full-year 2024 outlook for total and organic revenue growth to the high end of the prior rangesCompleted monetization of interest in London Stock Exchange Group (LSEG) in the second quarterCompleted $1.0 b
Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO, June 27, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its second-quarter 2024 earnings will be issued via news release on Thursday, August 1, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration fo
TORONTO, May 2, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the first quarter ended March 31, 2024: Revenue momentum continued in the first quarterTotal company revenues up 8% / organic revenues up 9%Organic revenues up 10% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q1 performance, moderately raised 2024 outlook for total and organic revenue growthMaintained guidance on all other metricsSold 10.1 million shares of London Stock Exchange Group (LSEG) in the first quarter for gross proceeds
Conference call and webcast scheduled for 9:00 a.m. EDT TORONTO, March 27, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its first-quarter 2024 earnings will be issued via news release on Thursday, May 2, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 9:00 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the "Investor Relations" section of the Thomson Reuters website. Registration fo
TORONTO, Feb. 8, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the fourth quarter and full year ended December 31, 2023: Good revenue momentum continued in the fourth quarter and full yearFull-year total company revenue up 3% / organic revenue up 6%Fourth-quarter total company revenue up 3% / organic revenue up 7%Organic revenue up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Met or exceeded full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flowFull-year 2024 outlook
TORONTO, Feb. 8, 2024 /CNW/ -- Thomson Reuters (NYSE:TRI) today reported results for the fourth quarter and full year ended December 31, 2023: Good revenue momentum continued in the fourth quarter and full yearFull-year total company revenue up 3% / organic revenue up 6%Fourth-quarter total company revenue up 3% / organic revenue up 7%Organic revenue up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Met or exceeded full-year 2023 outlook for organic revenue, adjusted EBITDA margin and free cash flowFull-year 2024 outlook anticip
TORONTO, Jan. 16, 2024 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (TSX:TRI), a global content and technology company, announced today that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. This acquisition is in line with Reuters strategic priority to provide must-have news and insight for new customer markets and professional verticals. Based in London and with an additional editorial hub in New York, World Business Media Limited's editorial team provides must-
TORONTO, Jan. 15, 2024 /PRNewswire/ -- Thomson Reuters Corporation (TSX:TRI) ("Thomson Reuters") a global content and technology company, has today announced the acquisition of approximately 53.81 per cent of the shares in Pagero Group AB (publ) (Nasdaq First North Growth Market: PAGERO) ("Pagero" or the "Company") from key shareholders, including Summa Equity, Pagero's CEO Bengt Nilsson, as well as several members of the management team and employees, making Thomson Reuters the majority shareholder in Pagero. On January 11, 2024 Thomson Reuters announced a recommended public
Conference call and webcast scheduled for 9 a.m. EST TORONTO, Jan. 4, 2024 /PRNewswire/ -- Thomson Reuters ((NYSE, TSX:TRI) announced today its fourth-quarter and full-year 2023 earnings will be issued via news release on Thursday, February 8, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 9 a.m. EST. Discussions may include forward-looking information. You can access the webcast by visiting the "Investor Relations" section of the Thomson Reuters websit
Conference call and webcast scheduled for 9:00 a.m. EDT TORONTO, Sept. 27, 2023 /PRNewswire/ -- Thomson Reuters ((NYSE, TSX:TRI) announced today its third-quarter 2023 earnings will be issued via news release on Wednesday, November 1, 2023. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 9:00 a.m. EDT. Discussions may include forward-looking information. The webcast can be accessed by visiting the "Investor Relations" section of the Thomson Reuters website. Reg
National Bank Financial upgraded Thomson Reuters from Sector Perform to Outperform
Scotiabank upgraded Thomson Reuters from Sector Perform to Sector Outperform and set a new price target of $182.00 from $164.00 previously
National Bank Financial upgraded Thomson Reuters from Underperform to Sector Perform
Barclays upgraded Thomson Reuters from Equal Weight to Overweight and set a new price target of $180.00 from $150.00 previously
UBS initiated coverage of Thomson Reuters with a rating of Buy and set a new price target of $153.00
National Bank Financial downgraded Thomson Reuters from Outperform to Sector Perform
CIBC downgraded Thomson Reuters from Sector Outperform to Neutral and set a new price target of $140.00
RBC Capital Mkts downgraded Thomson Reuters from Outperform to Sector Perform and set a new price target of $139.00 from $135.00 previously
Exane BNP Paribas upgraded Thomson Reuters from Underperform to Neutral and set a new price target of $115.00 from $100.00 previously
National Bank Financial upgraded Thomson Reuters from Sector Perform to Outperform
Next-gen CoCounsel AI assistant marks significant milestone in company's vision for a single GenAI assistant enabling professionals across industries to accelerate and streamline entire workflows. CoCounsel 2.0 generates answers three times faster than the current version, operates more intuitively, and delivers more thorough, nuanced results.CoCounsel 2.0 tests combining the unique capabilities and strengths from OpenAI, Google, and Thomson Reuters such as its industry-leading content and legal technology.TORONTO, Aug. 12, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI), a global content and technology company, today announced CoCounsel 2.0, the professional-grade GenAI assistant. CoCounsel
TORONTO, Aug. 1, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the second quarter ended June 30, 2024: Good revenue momentum continued in the second quarterTotal company and organic revenues both up 6%Organic revenues up 8% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q2 performance, raised full-year 2024 outlook for total and organic revenue growth to the high end of the prior rangesCompleted monetization of interest in London Stock Exchange Group (LSEG) in the second quarterCompleted $1.0 b
The Thomson Reuters Future of Professionals report shows knowledge workers are optimistic about significant boosts to productivity, with AI poised to redefine workflows, drive innovation, and unlock new opportunities for growth Critical time savings: Survey respondents predict AI to free up 12 hours per week within the next five years, with four hours per week saved in the next year alone – the equivalent of adding an additional colleague for every 10 team members. For a U.S. lawyer, this could translate to an additional $100,000 in billable hours.*Positive outlook on impacts of AI: 77% of professionals believe AI will have a high or transformational impact on their work over the next five y
Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO, June 27, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today its second-quarter 2024 earnings will be issued via news release on Thursday, August 1, 2024. Steve Hasker, president and chief executive officer, and Mike Eastwood, chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration fo
TORONTO, June 6, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today announced the voting results for the election of the company's Board of Directors at its annual meeting of shareholders held in-person yesterday. All 13 nominees were elected to the Thomson Reuters Board of Directors, and each director elected will continue to hold office until Thomson Reuters' next annual meeting of shareholders, or until the director resigns or a successor is elected or appointed. The voting results for directors were as follows: Nominee Votes For % Votes For Votes Withheld % Vote
Thomson Reuters CoCounsel and Microsoft Copilot for Microsoft 365 will provide professionals with an improved AI experience - taking GenAI assistant know-how to the next level. As previewed at the Microsoft Build 2024 Keynote – watch here TORONTO, May 21, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI), a global content and technology company, today brought to life the combined power of Thomson Reuters CoCounsel, its professional-grade AI Assistant with deep subject-matter expertise, with Microsoft Copilot, Microsoft's AI companion. In a major leap forward in its collaboration
TORONTO, May 16, 2024 /PRNewswire/ -- Mike Eastwood, Chief Financial Officer and Erin Brown, Head of Finance, Corporates of Thomson Reuters (NYSE:TRI) will both present at the CIBC Technology & Innovation Conference on Wednesday, May 22, 2024 at 1:30 p.m. EDT. The presentation may include forward-looking information. A live audio webcast will be available in the Investor Relations section of tr.com. Additionally, an archive of the webcast will be available following the presentation. Thomson Reuters Thomson Reuters (NYSE:TRI) informs the way forward by bringing together the tr
TORONTO, May 15, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) announced today that it and certain investment funds affiliated with Blackstone collectively sold 17.3 million London Stock Exchange Group PLC (LSEG) shares that they co-own for a price of £91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG. Of the shares sold, approximately 4.3 million shares were indirectly owned by Thomson Reuters. Upon the
Malhotra is a proven technology leader with decades of experience in engineering, product development and AI strategy for tech and media companies, including Thomson Reuters, Intel and Qualcomm DETROIT, May 6, 2024 /PRNewswire/ -- Rocket Companies (NYSE:RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial service businesses, today announced Shawn Malhotra as its first ever group Chief Technology Officer (CTO), effective May 6, 2024. In this role, Malhotra will oversee the development and implementation of technology across the en
TORONTO, May 2, 2024 /PRNewswire/ -- Thomson Reuters (NYSE:TRI) today reported results for the first quarter ended March 31, 2024: Revenue momentum continued in the first quarterTotal company revenues up 8% / organic revenues up 9%Organic revenues up 10% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)Based on Q1 performance, moderately raised 2024 outlook for total and organic revenue growthMaintained guidance on all other metricsSold 10.1 million shares of London Stock Exchange Group (LSEG) in the first quarter for gross proceeds